25 Important Financial Terms To Know
Welcome to finance terms 101! Here, you will learn the finance words that you will need to know along your journey to financial freedom.
Finance Basics
Welcome to the Finance Basics, where we lay the groundwork for your financial journey. In this category, we explore the essentials of finance, helping you build a solid understanding of how money works.
The two subcategories are:
- Personal Finance Basics:
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- Covers fundamental concepts related to managing personal finances.
- Includes guidance on budgeting, saving, and other key aspects of personal financial management.
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- Financial Education and Literacy:
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- Provides resources and information aimed at improving financial literacy.
- Focuses on educating individuals about various financial concepts, ensuring they have the knowledge needed for sound financial decision-making.
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3 Ways To Find Your Bank Account Number
Along with the routing number, your bank account number specifies exactly which account money should be set from or into. This is why it’s very important to know where to find your bank account number.
Learning Japanese Currency
Before moving overseas, the only thing I knew about Japanese money is that it’s called, “yen” and the symbol is “¥”. It hasn’t been a bad learning curve, but there are a few things that would have been easier to know beforehand.
What Pending Deposits Are, How Long To Clear, Etc.
s being deposited or withdrawn from a bank account, the request needs to be reviewed and verified by the bank first. When these requests are received but on hold, they are called pending transactions.
The Numbers On The Bottom Of A Check
The string of numbers on the bottom of a check is called the MICR line. It is made up of first the routing number, followed by the bank account number, then the number of the check.
Bank Account Basics: FAQ
Most of us have bank accounts, but we don’t always understand how they actually work. There are plenty of questions I’ve had over the years about my bank account and I’m sure you have too.