Money put aside, for future needs, often earning interest if in a savings account.

A bank or building society account where money saved earns interest.

A strategy for setting aside money regularly to reach a goal.

A computer application, such as Microsoft Excel or Google Sheets, which helps you to organise and store data in a  grid of cells arranged in rows and columns. Formulas can be added automatically to calculate and display values based on the contents of other cells.

A regular, fixed payment set up by you to go from your bank to another account, for example to pay rent or to add money to a savings account.

A way of owning a small part of a company. If the company does well, the value of your shares may go up and you might receive dividends (a share of the profits). But if the company does badly, the value can fall and you could lose money. Also called equities.

The difference between income and expenses, when income is greater than expenses.