What is a currency exchange? A currency exchange is a place where you can exchange one currency for another. For example, you could visit a currency exchange to exchange US dollars for Euros. Why would I use a currency exchange? When you’re traveling, you may be visiting a country whose local currency may be different …
Want to learn some interesting facts about US dollar bills? You’ve come to the right place. And stick around till the end for an extra special fact about the number 13 in dollar bills. Let’s begin. #1: Large Bills There was a time when the US produced $500, $1,000, $5,000, $10,000, and even 100,000 dollar …
Howdy Wall St. Willy! All this Halloween spooky stuff is making me think about death. So, what will happen to all of my stuff if I die? Well, you can always have a will. What is a will? A will is a document that your write which states all the people who will get your …
On TV, I heard about Personal Bankruptcy. But what is Bankruptcy anyway? Bankruptcy is a legal process that helps people sort their finances, when they cannot pay off their debts – due to excessive borrowing, a major financial setback like job loss, etc. How does the bankruptcy process work? Personal bankruptcy can be filed under …
Howdy Wall St. Willy! Some time ago, on TV, I heard about an asset class. But what is an asset class anyway? An asset class is a group of assets in which you can invest your money. Everything within a specific asset class also shows similar traits. What do you mean by similar traits? And …
Introduction to Emergency Fund for Kids and Teens This video explains the concept of Emergency Fund in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about creating an Emergency Fund, or used as a money & personal finance resource by parents and teachers as part …
I’ve read that because of Coronavirus, people are getting stimulus checks. But what is a stimulus check? Since many people have lost their jobs because of the Coronavirus lockdown, people can use some financial help to cope with their loss of income. Under the CARES Act, the US federal government is providing financial help called …
I heard about recession on TV. But what is a recession? And what causes it? A recession is a period of economic decline that is usually triggered by consumers starting to spend less. That in turn causes businesses to cut costs and lay off workers. This results in higher unemployment, leading to even lesser …
Introduction to Savings Account for Kids and Teens This video explains the concept of a savings account in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about it, or used as a money & personal finance resource by parents and teachers as part of a …
Introduction to Checking Account for Kids and Teens This video explains the concept of a Checking Account in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about it, or used as a money & personal finance resource by parents and teachers as part of a …
