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Personal Finance terms
Budgets, credit scores, net worth and the apps that track them.
Budget categorization Sorting income and expenses into defined categories to see where money goes and compare it against a plan. Debt-to-income ratio (DTI) The share of a person's gross monthly income that goes toward debt payments, used to assess borrowing capacity. Net worth tracking Periodically totaling personal assets minus liabilities to see how one's overall financial position changes over time. Savings rate The share of income that is saved or invested rather than spent, over a given period. Tax-loss harvesting Selling an investment at a loss to offset taxable gains elsewhere, then reinvesting in a similar but not identical asset.