Extra money added to your income, e.g. bonuses or overtime pay.

AER stands for Annual Equivalent Rate. It is the interest rate for savings accounts, showing how much you would earn over a year with compound interest, assuming you don’t make withdrawals.

APR stands for Annual Percentage Rate. It shows the total cost of borrowing money over a year, including interest and certain fees. You’ll see it used for things like loans, credit cards, and mortgages. APR helps you compare the overall cost of different borrowing options. 

The amount of money left in a bank account once all bills have been paid.

A financial institution which holds money and manages transactions on behalf of account holders.

A secure financial arrangement with a bank allowing you to add and manage money.

Money from the Government, for example to support people with children, or on low incomes, with disabilities or caring responsibilities.

Extra money paid on top of your usual wages, often as a reward, for example for meeting agreed targets.

A plan for how you will spend and save your money.

Calculating how much money you earn, or need to earn, how you will spend it, and how much you must save to achieve financial goals.