Cash flow is the movement of money in and out of your life each month. It tells you how much money you actually have left after paying your bills and living your life.

Saving is money set aside for emergencies or short-term needs. Investing grows money over time by earning returns. There are different ways to invest — for example, the stock market, cash value life insurance, real estate, and retirement accounts. Together, saving and investing help you prepare for unexpected expenses and build wealth for the future.

Insurance protects your income, your family, and your financial future. Certain types of insurance — such as permanent life insurance, annuities, and plans with living benefits — can also provide long-term financial security and support wealth-building goals.

A budget is a plan for how your money will be spent each month. It shows what needs to be paid, what can be saved, and what’s available for extras (also known as “disposable income.”)

Debt management is the process of understanding what you owe, how much it costs, and creating a plan to pay it down. Reducing debt frees up cash flow, lowers interest costs, and allows more of your money to go toward saving, investing, and building wealth.

Money mindset is the set of beliefs and habits that influence financial decisions and outcomes. It affects how we spend, save, invest, handle debt, and plan for the future.