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 …
Sometime ago, we talked about assets and liabilities when we discussed Net Worth. But can we discuss it in a little more detail now? Sure we can! Assets are things that you own, and can be sold to get money. And liabilities are things that you owe someone. Can you give me some examples …
Introduction to Debit Card for Kids and Teens This video explains the concept of a debit card in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about debit cards, or used as a money & personal finance resource by parents and teachers as part of …
You already told me what a checking account is and what a saving account is. But what is the difference? Well, what kind of difference do you want to learn about? How do you go about taking money out of the checking or savings account using an ATM, or moving money from the account …
 We’ve talked about debit cards earlier. But can kids have their own debit cards? Generally, you have to be at least 18 years old to have your own debit card. But there are special debit cards that are meant for kids, which have lower age restrictions – as low as 6 years old. And …
