Retirement planning refers to the process of determining how much money you will need in order to retire and creating a plan to achieve that goal.
Savings accounts are offered by banks and other financial institutions and typically pay interest on the money deposited in the account.
A credit score is a numerical value assigned to individuals to determine their creditworthiness.
The purpose of budgeting is to help individuals allocate their money effectively and prioritize their spending in a way that aligns with their financial goals.