Financial Concepts
Clear, evergreen definitions of the ideas that shape how money works.
A–Z Index
Automatic Saving
Moving money into savings on a fixed schedule without a human decision at the moment of transfer.
Compound Interest
Interest earned on both the original principal and on the interest that has already accumulated.
Daily Pool
A digital, regional community-finance mechanism where every member contributes a small fixed daily amount and one member from that region receives the pool each day.
Emergency Fund
Cash set aside specifically to cover unexpected expenses without borrowing, ideally kept separate from everyday spending.
Impact Fund
The giving feature of Squirrelll.ing: a fixed, insignificant amount donated automatically on a daily or weekly schedule to organizations you choose.
Microfinance
Financial services — savings, credit, insurance, and payments — delivered in very small amounts to people traditionally excluded from formal banking.
Pay Yourself First
The practice of automating savings on the day income arrives — before any discretionary spending.
ROSCA
A group where members contribute a fixed amount to a shared pot at set intervals, and one member receives the full pot each cycle until everyone has received.