Whenever you're budgeting out your money, it's important to understand how much money you have at any given time, but not all bank balances are equal. Making a mistake between your current and ...

The statement balance is the amount owed at the end of your billing cycle, while the current balance is the amount you owe at any particular moment. Your statement balance can differ from your current ...

Knowing exactly how much money you have to spend is the foundation of personal finance. It helps you avoid overspending and keeps your budget in check. With online banking and mobile apps, monitoring ...

Your current balance (or outstanding balance) and statement balance are two entirely different figures. Your current balance ...

Keeping a watchful eye on your credit card balance is crucial so that you don’t overspend and take on credit card debt you can’t afford to pay back. But how do you check your balance? And what’s the ...

Current accounts are often the preferred bank account for salaried professionals to receive monthly wages. They are also used by self-employed individuals and entrepreneurs because they need to ...

Financial crises often force borrowing as a means of survival. As debt grows and interest charges pile up, you may fall ...

Carrying a balance on your credit card past your grace period means that you’ll start accruing interest on that balance, which will continue to grow until you pay it off completely. If this is the ...

Whether you’re new to the world of credit cards or an established pro, it’s essential to understand the terms that appear on your credit card statement. Two terms that may cause confusion, even if you ...