Category: FINANCE

What is Cryptocurrency? Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the U.S. dollar or Euro), cryptocurrencies are decentralized and typically operate on blockchain technology—a distributed ledger enforced by a network of computers. The most well-known cryptocurrency is Bitcoin, but there are…

What is Inflation? Inflation is the rate at which the general level of prices for goods and services rises, causing the purchasing power of money to decrease. Simply put, as inflation increases, your money buys less than it did before. For example, if inflation is at 3%, something that cost $100 last year would cost…

What Are Interest Rates? Interest rates are the cost of borrowing money or the return you earn on savings. Expressed as a percentage, interest rates apply to loans, credit cards, mortgages, savings accounts, and investments. Whether you’re borrowing money or saving it, interest rates affect your personal finances every day. How Interest Rates Work There…

What is Budgeting? Budgeting is the process of creating a plan for how to spend and save your money. It helps you track your income and expenses so that you can make informed financial decisions. A budget acts as a financial roadmap, guiding you toward your short-term and long-term goals. Whether you’re trying to pay…

What is Investment? Investment is the process of allocating money or resources with the expectation of generating a profit or return over time. It is one of the most effective ways to build wealth, beat inflation, and secure your financial future. Unlike saving, which involves putting money aside with minimal risk, investing involves a certain…