This is where you will learn about various topics in order to improve your financial literacy. These informational posts and how-tos (such as how a credit card works) are the building blocks to help you start managing money properly.
Credit is the ability to get goods or services on the promise that the amount will be paid back at a later date. A credit card is a small plastic rectangle that allows you to make these purchases and are issued to you by a bank or business; but exactly how does a credit card … Read more
There are 5 different types of money in the world: Fiat, commodity, representative, fiduciary, and commercial bank money. They also all have three functions in common; they serve as a medium of exchange, as a store of value, and as a unit of account. What is money? In economics, money is simply something generally accepted … Read more
However infrequently it happens, there are still times when we have to know how to write a check. And so, I will use this check sample to teach you what I know about the parts of a check and how to use one. When I was growing up, I learned how to balance a checkbook … Read more