Budgeting, interest, inflation and the difference between a nominal and a real return. These lessons are where everyone should start, whatever their income, because every later decision about saving, borrowing and investing rests on them. Each includes a worked example, a diagram and a summary box.
What this section covers
- Budgeting from first principles: income, fixed costs, the rest
- Simple and compound interest with a worked example in pounds
- Inflation, and the difference between a nominal and a real return
- Emergency funds and how big yours needs to be
- A summary box at the end of every lesson
New articles are published under Foundations, Budgeting, Borrowing and Credit.