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Money plays a much bigger role in our happiness than some would like to admit... it influences our quality of life and more!

Peer-to-Peer lending is a method of debt financing that enables individuals to borrow and lend money without traditional banking methods.

A debit card is essentially a digital checkbook. When you use it to make a purchase, the money is taken directly from your bank account.

Debt-to-income ratio is a financial benchmark used by creditors to gauge a borrower’s ability to manage monthly payments and repay debts.

Annual Percentage Rate (APR) is a measure that captures the total cost of borrowing, expressed as an annual percentage.

Bankruptcy is a legal procedure for individuals or businesses that cannot repay their outstanding debts.

Foreclosure is the legal process in which a lender takes possession of a property when the homeowner fails to make their mortgage payments.

A Credit Score is a number that tells lenders how likely you are to pay back money you borrow, based on your past financial behaviors.

A mortgage is a financial bridge that lenders offer to help you buy your home now, allowing you to pay it off over 15 to 30 years.

Amortization is the process of spreading out a loan into a series of fixed payments over time.

Frugality is the practice of being wise in your spending, finding value in purchases, and prioritizing your financial health over desires.

Leverage involves using borrowed money or financial instruments to increase the potential return of an investment.

Trading on Margin is utilizing a broker loan to buy stocks.

A recession is a significant decline in economic activity that lasts for months or even years.

Deflation is a decrease in the general price level of goods and services. It's the opposite of inflation.

Your FICO score is a numerical summary of your credit report, a snapshot of your creditworthiness.

Interest rates, expressed as a percentage, are the cost of borrowing money or the reward for saving it.

Debt is money borrowed by one party from another. Think of it like a financial IOU.

Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.

Equity represents your share or interest in an asset after all debts associated with that asset are paid off.