Part 1: What is Insurance, How Does Insurance Work, How to File a Claim Part 2: Why is Insurance Important, Key Insurance Terms, Types of Insurance, How to Choose the Right Insurance Introduction to Insurance for Kids’ Financial Literacy This video explains the concept of insurance in a simple, concise way for kids and beginners. …
Introduction to Stocks vs Bonds for Kids and Teens This video provides a stocks vs bonds comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about the differences and similarities between stocks and bonds, or used as a money & personal finance resource by …
Introduction to Income Tax for Kids and Teens This video explains the concept of income tax in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about taxation, or used as a money & personal finance resource by parents and teachers as part of a Financial …
Part 1: What is Compound Interest, What is Compounding, A Detailed Example Part 2: Why is Compound Interest Important, The Rule of 72 Part 3: Importance of Saving Early and the Effect of Compounding, A Detailed Example Introduction to Compounding and Compound Interest for Kids and Teens This video explains the concept of compound interest …
Introduction to Currency for Kids and Teens This video explains the concept of currency & exchange rate in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about these, or used as a money & personal finance resource by parents and teachers as part of a …
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 …
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 right, they are related, but quite different. Your credit report contains information about your financial history and behavior, whereas your credit score summarizes these details into a …
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 credit bureau offers your credit report for a small fee, but yes, you can also get a copy of your credit report totally free through other avenues. …
As we’ve discussed earlier, both Conventional Mortgages and FHA Loans help us buy a home through a loan. We make a down payment, and repay the loan principal, interest, etc through monthly payments. But what are the differences between them? The main difference is in terms of credit score and minimum down payment requirements. …
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 …