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Everyday Learning
Free Personal Finance Basics Flashcards
Money skills are a vocabulary problem before they are a math problem — interest, diversification, credit. These cards define the terms behind every good financial decision.
Study these 10 starter cards
QUESTION
Tap the card to reveal the answer
QWhat is compound interest?
AInterest earned on both your principal AND previously earned interest
QWhat is an emergency fund?
ASavings covering 3–6 months of expenses for unexpected events
QWhat is diversification?
ASpreading investments across assets so one failure can’t sink you
QWhat is a credit score?
AA number summarizing how reliably you repay debt
QWhat is the difference between a stock and a bond?
AA stock is ownership in a company; a bond is a loan to one
QWhat is inflation?
AThe general rise in prices that erodes money’s purchasing power
QWhat is an index fund?
AA fund that passively tracks a market index at low cost
QWhat does APR mean?
AAnnual Percentage Rate — the yearly cost of borrowing
QWhat is the 50/30/20 budgeting rule?
A50% needs, 30% wants, 20% saving and debt repayment
QWhat is net worth?
AEverything you own minus everything you owe
Turn these into lasting memory
Reading answers is recognition — remembering them next month takes spaced repetition. Build your own personal finance basics deck and we'll schedule every review at the right moment.
Create your free deck →How to study personal finance basics with flashcards
- One fact per card. After each answer, recall what it means for YOUR money this month — applied finance sticks, abstract finance doesn’t.
- Rate honestly. After each card, choose Again, Hard, Good, or Easy — the spaced repetition algorithm uses your answer to decide when the card returns, right before you'd forget it.
- A few minutes daily beats marathons. Ten new cards a day is roughly 3,650 a year, retained. Deep dives: Do flashcards actually work? · How to stay consistent with studying · The best time of day to study.
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