Stocks Stocks are the shares of a company that represent a type of ownership. Owners invest in shares of different companies in the hope of earning profits. There are many risks associated with investing in stocks. Stock prices may go up, but they may also go down. Investors may lose everything if the stock price … Read more
Buy in bulk Don’t waste electricity Eat out less Eat at home more Don’t pay bills late Don’t waste food Don’t waste money on others Reduce your alcohol consumption Don’t have a car Don’t have a house Switch off your lights Pay your bills on time Don’t use your credit card Eat at home more … Read more
Interest Bearing Accounts An interest bearing account is a deposit account from which you can earn interest. The interest rate on the account is usually variable, meaning it changes periodically, but this is not always the case. The account may be with a bank, credit union, financial institution, or brokerage company, and the funds are … Read more
We often see stories of people becoming wealthy with a new startup or signing a new contract with a sports team. But the majority of wealthy people in this country have made their wealth far less interesting stories that include sounds strategies of not wasting money on certain things. Expenses Successful People Don’t Waste Time … Read more
Bank Spread A bank spread is the difference in the interest rates earned or paid on loans and deposits. This is key for banks because banks use the spread to make money. For example, if the bank’s cost of funds is 3% and they can earn 5% on their loans, they would have a 2% … Read more
Credit checks are a regular part of lives and some may happen without our knowledge. A credit check is done to obtain a credit card, purchase a house or obtain a job. Not every credit check is bad. But we should be careful in how we use credit and obtain credit. What Is A Credit … Read more
Staying on top of your credit card bills is a key part of building and maintaining strong credit How can you make credit card bill payments How to make a credit card bill payment It is important to make a credit card bill payment on time. If you can not make a payment on time, … Read more
Managing your money by watching your checking account balance What’s the difference between current balance and available balance? what is Current checking account balance What is Available Checking account balance Is the available balance shown reliable? Which balance should I rely on when making payments? Managing your money by watching your checking account balance What … Read more
There are over 10 types of savings accounts offered by various financial institutions. See below for different types. 10 Types of Savings Accounts Savings Deposit Accounts When you first start working you may not want to deal with the responsibility of opening a savings account and putting money into it. It is important to begin … Read more
High-interest savings accounts are becoming less prevalent, below are the 5 Best Alternatives to Savings Accounts. Because of the low interest environment we are currently in , banks are struggling to make money. It is unlikely that the Federal Reserve will abruptly start to significantly increase interest rates, as they are usually cautious with changes … Read more