Before you lend to a friend
Only lend what you could live without. Agree on amount, timeline and what happens if plans change—then write it down.
Financial literacy
Financial Literacy Lessons
Grow your money knowledge with bite-size lessons for everyday decisions. Educational only — not financial advice.
The 50/30/20 starting point
Split take-home pay into needs, wants and savings. Adjust the ratio to fit real life, not the other way around.
Simple vs. compound interest
Simple interest grows on the original amount; compound interest grows on interest too. Time is the multiplier.
Build an emergency cushion
Aim for a few weeks of expenses first, then work toward three to six months. Small automatic transfers add up.
Asking for help, gracefully
Be specific about the amount and repayment plan, offer updates proactively, and say thank you often.
What actually affects credit
Payment history and utilization matter most. Note: personal loans tracked in FrenLen are not reported to bureaus.