A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- WindfallA sudden, often one-time sum of money, such as a bonus, gift, or refund, that was not part of your regular income.
- Savings RateThe share of your income you set aside rather than spend, usually shown as a percentage of your take-home pay.
- Cash BackA reward that returns a small percentage of what you spend, which can add up but should not encourage extra buying.
- Automatic SavingsScheduled transfers that move money into savings on their own, making it easier to save without relying on willpower.
- Financial GoalsSpecific money targets you set, such as building savings or paying off debt, that give your budget direction and purpose.
- Tax RefundMoney the government returns to you when you paid more tax during the year than you actually owed.
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Plain-English education — not personalized legal, tax, or investment advice.