Finances FYI is a weekly series providing straightforward finance tips and best practices to help improve financial literacy. Financial vocabulary is often opaque and difficult to understand for those ...

Vocabulary acts as the gateway to knowledge in any domain, including finance. A small vocabulary can limit your understanding of basic financial concepts such as interest rates, inflation and compound ...

Financial literacy is a critical life skill that can have a significant impact on an individual’s financial well-being and overall quality of life. It is important for individuals to continuously ...

Figuring out how to handle your money can be stressful enough without personal finance jargon getting in your way. Knowing the definitions behind words such as "amortization," "deductible," or "mutual ...

Your cost of attendance is the total cost of college for the school year as calculated by colleges, including tuition, fees, books, supplies, transportation, food, housing, peronal expenses and ...

Financial literacy is critical to transitioning from traditional financial services to digital finance or fintech platforms. Digital financial literacy is a significant barrier to fintech adoption, so ...

ALLOCATION - The assignment and reassignment of a cost or group of costs to one or more cost objectives based on a reasonable standard. Terms with assorted shades of meaning are cost reallocation, ...

You may have heard the phrase, “If you want a… A 401(k) is an employer-sponsored retirement plan. Its name comes from Section 401(k) in the Revenue Act of 1978. This allows employers to offer ...