Selkätilin

Selkätilin is a Finnish term that roughly translates to "back account" or "account for the back." It refers to a specific type of financial account that is often associated with savings or long-term financial goals. While not a formal banking product, it is a conceptual tool used in personal finance planning. The idea behind a selkätilin is to set aside funds for future needs, much like a savings account, but with a stronger emphasis on the "behind the scenes" or "future" aspect of the money. It implies money that is not to be touched for everyday expenses, but rather reserved for important, often larger, upcoming financial obligations. This could include things like a down payment on a house, a significant purchase, retirement funds, or even a contingency fund for unexpected events. The term highlights the intention of creating a financial buffer or a dedicated resource for future security and planning. It encourages a disciplined approach to saving, separating funds meant for immediate use from those intended for long-term objectives. In essence, a selkätilin is a personal financial strategy rather than a specific bank-offered account.