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MoneyLingo

Sort out your accounts

You are opening an account, or you have three and do not know what they are.

3 steps · about 47 minutes · all published

Kabir and Tara, ready to walk this path with you
  1. Savings, current, salary, zero-balance, minor, demat — what each is for.

    22 min · reading age 13

  2. An account is only as safe as the person using it.

    12 min · reading age 12

  3. Now that you know where the money sits, decide where it goes.

    13 min · reading age 13

Why this order

Protection before growth. An emergency fund, then health cover, then clearing expensive debt, and only then investing. Not caution for its own sake — arithmetic. A card balance can charge around 50% a year, which is more than ordinary investments earn.

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