When working towards accomplishing your financial goals, there are some common terms you’ll see pop up a lot and understanding them can help you make the best decisions for your unique financial situation.

This glossary of personal finance terms focuses on 20 words and phrases related to debt management and is meant to help you decipher the jargon that can hold you back from feeling confident about your finances. Familiarizing yourself with these terms can help you understand the true cost of any current or planned debt and determine a repayment strategy that works for your wallet.