Imagine a world where the bank pays you to take out a loan. This is what’s known as a negative interest rate, and while it may seem counterintuitive at first, it can have economic benefits in a struggling economy. So,...
Opening a checking or savings account is very straightforward, but you’ll want to make sure that you have all the documents you need when you visit your local branch or apply online. Find out what you need to open a...
No matter where you are in your personal financial journey, learning the latest facts and figures can help you broaden your knowledge. Although the Internet is an endless source of information, it’s not easy to sort through it all or...
Financial literacy is the ability to understand and use money skills to maintain your personal finances. This mostly applies to simple money skills the everyday person uses, like building a grocery budget and saving for a rainy day and retirement. ...
Closing a bank account is a straightforward process, but it can take an unexpectedly long time if you aren’t prepared. Depending on a few different factors, the process can take a day, a week, or even a few months. In...
Whether you’re running your own business or working for someone else, knowing your gross income vs. net income is key to understanding how you’re doing financially. These two common terms may show up when you’re filing taxes, applying for loans,...
There are several types of IRAs that I’ll discuss below, including traditional IRAs, Roth IRAs, SIMPLE IRAs, SEP IRAs, and more, as well as how to open one, recommendations for which type works for you, and benefits of IRAs.Everything You...
Imagine a world where the bank pays you to take out a loan. This is what’s known as a negative interest rate, and while it may seem counterintuitive at first, it can have economic benefits in a struggling economy. So,... 
