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Glossary

The money language, plainly.

Every term you'll meet in SharedNest, defined in one line.

F

Fair split

A split rule that weights each partner's contribution to a shared expense by income, custom percentage, or equal share.

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Financial freedom

The point where your household has enough savings, passive income, and low enough obligations that work becomes optional rather than compulsory. It is not necessarily about being rich; it is about having choices—covering essentials, handling emergencies, and funding goals without relying on a single paycheck or going into debt.

Financial freedom is usually built by reducing fixed expenses, paying off high-interest debt, building an emergency fund, and investing for the long term. For families, it often means one parent can take a career break, switch roles, or handle unexpected events without money forcing the decision.

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L

Ledger

The running record of every household expense, split, and settlement.

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S

Settlement

A transfer from one household member to another that clears an outstanding balance.

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