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Each and every day, we're subjected to tons of economic information from numerous sources, including television, newspapers and magazines, radio, and the Intern... |
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Part 2: How the Reserve Regulates Money and the Economy The purpose of the Federal Reserve System ( see Part 1 of this series ) is to exercise control over the ... |
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Part 1: Purpose and Organization The Federal Reserve System was created by the United States Congress in 1913 in order to provide a safer, more flexible banking... |
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Interest and fees charged on a loan have the effect of increasing the cost of an object or service purchased with credit. Various methods which are used to calc... |
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Back in the day, choosing which bank to put your money in was relatively simple. The closest one to your home or job, or the one that offered the biggest toaste... |
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Savings accounts , which are offered by banks and credit unions, are very convenient ways of storing your money. Deposited funds are insured by the Federal Depo... |
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It’s certainly easy to understand why we tend to ignore banking and financial fees and expenses. When looking at the big picture, we’ve simply gotten used t... |
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Federal insurance coverage for bank deposits, which is provided by the Federal Deposit Insurance Corporation (FDIC) , protects depositors to a maximum of $100,0... |
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With the explosion of the internet, technological advances and conveniences have made their way into every area of everyday life. It’s therefore no surprise t... |
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Be familiar with these basic banking and credit terms. Knowing and understanding the terms that are on your bank and credit card statements can possibly save yo... |
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An interest rate is the amount received in relation to an amount loaned, generally expressed as a ratio of dollars received per hundred dollars lent. However, a... |
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If you've ever been to a bank to open a new checking account , only to be halted halfway through the process and told that you couldn't do it, you're not alone.... |
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Certificates of Deposit , or CDs (not to be confused with Compact Discs), are deposit accounts that have conditions. You agree to deposit your money into an acc... |
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When searching for a checking account , you will quickly find that there are numerous variations from which to choose. Even more confusing are the myriad banks ... |
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Scammers can appeal to the best and the worst in each of us. Some appeal to our generosity, others to our greed and desire for quick riches. They're savvy, and ... |
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Part 3, Reconciling Your Bank Statement In Part 2 of Balancing Act: Keeping Your Checkbook in the Black , we examined the practical steps involved in keeping yo... |
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Part 2, Your Checkbook Register In Part 1 of Balancing Act: Keeping Your Checkbook in the Black , we discussed the necessity and advantages of keeping your chec... |
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Part 1, You Can’t Afford Not To One of the most fundamentally responsible ways of managing your daily financial affairs is to know how much money you have ava... |
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Myths persist in a given society because they're needed to conceal the underlying truths that they pertain to. In order to deal effectively with them, they must... |
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Negotiating with creditors is certainly not an easy task. They may be pushy, obnoxious, intimidating, or downright rude. After all, their job is to find a way t... |

