BlogWritten for the app, open to anyone16 pieces
How moneyworks.
Short, plain pieces on budgeting, interest, debt, saving and the bigger picture. The same shelf Peeka carries under Learn.
None of it is advice, and none of it goes out of date.
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Five pieces, in the order they build on each other. About half an hour in all.
5 pieces- 01
Budgeting · 5 minWhat a budget is actually forNot a diet. A plan for money you have already earned. - 02
Budgeting · 4 minWhy most budgets failRarely willpower. Usually the bills that only come twice a year. - 03
Your own numbers · 5 minHow to read your own spending honestlyThe month you look at properly is rarely the month you remember. - 04
Interest · 6 minHow interest works, simple and compoundOne rate, two ways of counting, and a wide gap after ten years. - 05
Emergency fund · 5 minAn emergency fund: how big, and where to keep itThe least exciting money you will hold, and the reason a bad week stays one week.
02
Borrowing
What borrowing costs, and the ways people clear it.
5 pieces- Borrowing · 5 minWhat APR really meansOne figure built to compare two offers, and what it quietly leaves out.
Debt · 5 minAvalanche or snowball: two ways to clear a debtOne costs the least. The other finishes sooner, and people keep going with it.
Debt · 5 minSave first, or clear the debt first?Half of the question is arithmetic. The other half is what happens when something breaks.
Borrowing · 4 minThe real cost of buy now, pay laterOften no interest at all. The cost is somewhere else.
Credit · 5 minWhat actually moves a credit scoreThe mechanism is fairly consistent. The numbers, the names and the rules are not.
03
Saving and growing
Saving, risk, and the words that get used without being explained.
4 pieces- Saving · 4 minSinking funds: saving for the bills you already know aboutThe opposite of an emergency fund. These are the costs with dates on them.
Investing · 5 minRisk and return, and the trade nobody escapesWhy a higher promised return always comes attached to something.
Bonds · 6 minWhat a government bond is, and why anyone buys oneA loan to a government, with the terms written down in advance.- Investing · 5 minIndex funds and diversification, in plain wordsOwning a small piece of a great many things, on purpose.
04
The bigger picture
The forces underneath everybody’s numbers.
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