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 …
Part 1: What is a Debit Card, How Does a Debit Card Work Part 2: Pros and Cons of Debit Cards, Should You Use a Debit Card 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 …
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 …
What is a commodity? A commodity is a raw material or a product that has investment value and can easily be bought and sold. Some examples of commodities are oil, natural gas, precious metals like gold, etc. How can I invest in commodities? There are 3 main ways to invest in commodities. One, you …
What is check cashing? Check cashing is a service through which you can get money from the checks given to you, even if you don’t have a bank account. Check cashing services can also provide short-term loans, sell prepaid cards, etc. Where is check cashing done? There are many physical locations where you can …
We have talked about what identity theft is, and why it is bad. But what should I do if I am a victim of ID theft? As soon as you find out that you are a victim of identity theft, you need to take a few immediate steps. First, call the fraud department of …
When we talked about credit report, you said I should review it periodically. But why do I need to review my credit report? You need to review your credit report because any incorrect information on your credit report can negatively impact your loan applications, like a mortgage, and credit card applications. Also, reviewing your …
Introduction to the Stock Market for Kids and Teens This video explains the concept of stock markets in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about equity markets, or used as a money & personal finance resource by parents and teachers as part of …
Recently, I read about identity theft. But what exactly is identity theft? Identity theft or ID theft is when someone steals your personal or financial information and uses it to commit fraud, in your name. What kind or fraud? Why is identity theft so bad? ID theft can have a huge financial impact, since …
