Bonds aren’t all bad – they are liquid, may appreciate enough to cover inflation, and are not a very risky investment. However, since they aren’t very risky, they also don’t deliver as competitive returns as other investments. Don’t get me wrong, bonds may be good to stabilize some portfolios – but I believe they don’t …
Quiz: Credit Scores and Credit Reports Lenders judge you by a number most people do not understand. See how well you understand scores, reports, and what moves them. I’ve often heard people talk about credit report and credit score interchangeably. But, based on what you’ve told me, I think they are different, aren’t they? That’s …
Quiz: Credit Scores and Credit Reports Lenders judge you by a number most people do not understand. See how well you understand scores, reports, and what moves them. We’ve talked about the importance of periodically reviewing our credit report. But is there a way to get a copy of my credit report for free? Each …
Bank Transfer or ACH vs Wire Transfer for Kids and Teens This video does an ACH vs Wire Transfer comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about their similarities and differences, or used as a money & personal finance resource by parents …
Part 1: What is ACH Transfer, How Do ACH Payments Work, Different Types of ACH Transfers, Cost of ACH Payments Part 2: Advantages of ACH Transfers, Disadvantages of ACH Payments, Alternatives to ACH Transfers Introduction to ACH Transfer for Kids and Teens This video explains the concept of ACH transfer in a simple, concise …
Infographic: Online Bank or Internet Based Bank Quiz: Bank Accounts You use a bank account all the time, but do you know how it really works? Take this short quiz to find out how well you understand the basics of banking. We’ve talked about banks, but I heard about something called an online bank. Is …
What is a digital wallet? A digital wallet is an app that is an electronic version of your wallet – it stores information about your credit cards and bank accounts in electronic form on your phone. It can also store your driver’s license, health insurance card and other ID documents, as well as your passwords, …
Quiz: Loans and Borrowing Basics Borrowing can be a useful tool or a costly trap. Test your grasp of debt, APR, and smart borrowing. We have talked about home equity loan and home equity Line of Credit or HELOC in the past. But can you please quickly summarize these for me? Both home equity loan …
Quiz: Loans and Borrowing Basics Borrowing can be a useful tool or a costly trap. Test your grasp of debt, APR, and smart borrowing. What is a Home Equity Loan? It is a loan where you borrow money using your home equity as collateral. It is also known as a second mortgage. How does a …
What is a safe deposit box? A safe deposit box is a container, normally a metal box, that you rent from a bank or a credit union to store important documents and valuables. It is kept in the bank’s vault, and is also known as safety deposit box. Why is a safe deposit box needed? …
