First of all, congratulations on becoming debt free!  It was probably a long and tedious journey, but you’ve made it! Paying off debt is a

A financial investment is the practice of using money to purchase and hold assets for the purpose of making a profit.  These investments can include

Amortization refers to the process of spreading out the cost of an asset over its useful life.  In financial terms, it is the gradual reduction

In financial terms, the principal refers to the initial amount of money that is borrowed or invested, upon which interest is calculated or earned.  It is the

A bond is a financial instrument used by governments, corporations, and other organizations to raise capital.  It represents a debt obligation, meaning that the issuer (borrower) promises

Cash flow is the movement of money in and out of a business or individual’s accounts over a given period.  It measures the amount of

Capital gain refers to the profit that an individual or entity realizes when they sell an asset for a price that is higher than the

The Consumer Financial Protection Bureau (CFPB) is a federal agency in the United States that was created by the Dodd-Frank Wall Street Reform and Consumer

A Charge-Off is a financial term used to describe a situation where a creditor writes off an outstanding debt as uncollectible.  In simpler terms, it means that

Credit counseling is a service offered to individuals who are struggling with debt management or are looking to improve their financial situation.  It is a process that