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
- Tax RefundMoney the government returns to you when you paid more tax during the year than you actually owed.
- Found MoneyUnexpected small amounts you can redirect to savings, like a rebate, cash-back reward, or a forgotten refund.
- Savings RateThe share of your income you set aside rather than spend, usually shown as a percentage of your take-home pay.
- Financial GoalsSpecific money targets you set, such as building savings or paying off debt, that give your budget direction and purpose.
- Sinking FundA savings pot you build up gradually for a known future expense, like holiday gifts or a car repair, so it does not blindside your budget.
- Pay Yourself FirstThe habit of setting aside money for savings or investing as soon as you get paid, before spending on anything else.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.