What is a currency exchange

What is a Currency Exchange – A Super Simple Explanation

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 …

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What is a currency exchange
What is a Bank Account - Super Simple Explanation

What is a Bank Account? A Super Simple Explanation

What is a bank account? When you want to keep your money in a bank, you open an account in your name with the bank. This way, the bank can tell that the money belongs to you. You deposit money into the bank account when you want to add money, and withdraw money from the …

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What is a Bank Account - Super Simple Explanation
5 Money Mistakes to avoid in Your 20s and how to fix them

5 Money Mistakes to avoid in Your 20s and How to Fix Them

One of the best times financially is when you’re in your 20s – you’re likely not married, don’t have a mortgage or other obligations, and your job is probably the least demanding it will ever be. If you take advantage of this time, you’ll be very well off in the future, but if you waste …

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5 Money Mistakes to avoid in Your 20s and how to fix them
Bankers Check - Cashiers Check

What is Cashiers Check or Bankers Check?

Howdy Wall St. Willy! Sometime ago I heard about a Cashier’s Check, but what is a cashier’s check anyway? A Cashier’s Check is a check that’s written by a bank instead of you writing it from your own account and it’s also signed by a cashier or teller of the bank. The bank also guarantees the …

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Bankers Check - Cashiers Check
Emergency Fund

What is an Emergency Fund and Why it is Important

Howdy Wall St. Willy! I heard my parents saying they want to open an emergency fund. But what is an emergency fund anyway? An emergency fund is money that you keep aside for unexpected expenses or if you lose your job. Well how much money should I have in my emergency fund? You should usually …

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Emergency Fund

What is a Stimulus Check or Economic Impact Payment?

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 …

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