Financial Software

PayPal Key is as a workaround for when you want to use PayPal, but an online retailer doesn’t offer the PayPal button on its site. PayPal Key provides a virtual card number that lets you shop anywhere online that accepts Mastercard. When you use PayPal Key when buying online or on an app, just provide the virtual card number, expiration date, and security code, just like you’d do with a regular credit card purchase.

"TXF" stands for "tax exchange format," a file extension for data files that contain tax-related information. Most income tax preparation software will import this type of file, as do accounting software, spreadsheet programs, and accounting programs.

A credit score is a number that evaluates and rates your creditworthiness based on your credit history. Lenders use credit scores to decide whether to approve someone for a loan or credit card and to determine what interest rate to charge. 

Net worth is the value of everything you own, meaning your financial and non-financial assets, minus your total outstanding liabilities (your debts). Your net worth can act as an indicator of your financial health, and there are several ways to measure this useful metric.

A savings account is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest. Savings accounts offered by most banks, credit unions, and other financial institutions are FDIC insured and typically pay interest on your deposits. Some savings accounts offer higher interest rates than others.

A financial plan creates a timeline for you to follow for your financial goals. It helps you focus the way you manage your money and your time on reaching your financial goals, so that you can do the things you want to in your life. It includes planning for things like budgeting, retirement planning, saving, insurance, and getting out of debt.

Online bill pay is a digital banking or payment service that lets you pay bills over the web from a bank account—often at no extra cost. It can simplify your finances by eliminating the need to write out checks or count and distribute paper currency.

Mint is a popular free online personal finance application from Intuit that offers a variety of easy-to-use financial planning and tracking tools. The online app is complemented by the free Mint mobile apps for iPad, iPhone, Android, and Windows mobile devices.

A budget sheet, typically created in an Excel spreadsheet, is a record of your expenses that acts as a tool for managing your finances from month to month. It consists of your fixed monthly expenses, variable monthly expenses, and monthly income records, including money you earn from your job, child support, or side hustle. You then input this information into a spreadsheet software program, which can be used as a budgeting guide.