Glossary
Essential financial terms explained
Key money concepts for South Africans, explained in plain language you can use.
Personal budget
A plan that matches your income to your expenses so you can track, save, and adjust as your situation changes.
BudgetingSavings
Money set aside regularly for future needs, emergencies, or specific goals rather than immediate spending.
SavingExpense
Any money you spend—from rent and groceries to transport and subscriptions—tracked monthly or weekly.
ExpenseCredit facility
Borrowed money that must be paid back, usually with interest. Can be in the form of a loan, credit card, or account.
CreditDebt
The total amount of money you owe to others, including loans, credit cards, or store accounts.
DebtIncome
Any money you receive regularly, such as a salary, wages, freelance payments, or social grants.
IncomeFinancial wellness
A state of financial health where your basic needs are met, you can manage bills, and handle small emergencies.
WellnessRetirement
The period when you stop regular work and rely on savings or other income to meet your expenses.
RetirementFinancial goal
Defining a specific, measurable outcome—like saving a set amount or reducing spending—to guide your actions.
Goal settingCash flow
The movement of money in and out of your account, showing if you can cover your expenses from your income.
Cash flow