You rascal! Master Hunjang will inspect your spending

A Joseon-era schoolmaster scolds your money habits and teaches finance terms

Get scolded by the Master

The Master's Library

Today's Lessons

Compound Interest

🌾 Saving

Interest that earns interest on itself, making money snowball. The earlier you start, the stronger it works.

Parking Account

🌾 Saving

An account you can freely deposit to and withdraw from that still pays interest β€” a parking lot for waiting money.

Emergency Fund

🌾 Saving

Money set aside for sudden blows β€” job loss, medical bills, urgent repairs. The cornerstone of any money plan.

Housing Subscription (Cheongyak)

🌾 Saving

Korea's system for applying to buy newly built apartments. You build eligibility by keeping and funding a subscription account.

ETF

πŸͺ™ Investing

A fund holding many securities in one basket, built to track an index, and traded on an exchange like a stock.

Diversification

πŸͺ™ Investing

Spreading money across holdings, asset types, and points in time, so no single collapse ruins the whole household.

Pension Savings

πŸͺ™ Investing

A personal pension account you fill now to draw as income in old age. Tax benefits in exchange for locking the money long-term.

ISA

πŸͺ™ Investing

An individual savings account that holds deposits, funds, and more in one place, with tax benefits on the gains inside.

Revolving Credit

⚠️ Beware

Paying only part of your card bill and rolling the rest to next month β€” with high fees charged on the rolled amount.

Investing with Borrowed Money

⚠️ Beware

Investing with borrowed money. Gains grow larger, but so do losses β€” and time itself starts charging you interest.

Averaging Down

⚠️ Beware

Buying more of a fallen holding to lower your average price. Done without a plan, it pours money into your losers.

Herd Trading

⚠️ Beware

Trading on rumors, chat rooms, and crowd mood instead of your own criteria β€” the shortcut to buying high and selling low.