Day to Day Money Jargon Buster

Personal finance is full of terms and words that can seem confusing and complicated. 

To help you make sense of all this money-related jargon, we’ve compiled a list of some of the most common terms you are likely to come across in your day to day with plain English alternatives.

Day to Day Money Jargon

Jargon: Council Tax

Plain English: A local tax paid by residents to their local authority (council) to fund local services like schools, rubbish collection and social care.

Jargon: Direct Debit

Plain English: An automatic payment arrangement where money is taken directly from your bank account to pay bills.

Jargon: Budget

Plain English: A plan for managing your income and expenses to ensure you can cover your living costs.