Articles for beginners

Protecting Against Fraud

Today, all of our financial lives are online. This creates a problem when making sure that you are the only one who has access to it. Fraud and Identity Theft are growing problems, impacting just about everyone, but there are some steps you can take to avoid this.

Credit Reports

Credit reports are documents that keeps a record of (most) of your regular bill payments. They are not to be confused with credit scores, which is are single number. Having good credit reports are vital to demonstrating your financial stability, which is important for activities like applying for a mortgage.

Consumerism – Rights and Responsibilities

Consumers, aka every individual who participates in the economy, have a rights and responsibilities. Depending on your state and the transaction, you might have a wide range of rights or very few. Believe it or not, with the rise of social media, your most important right might be the “right to complain”!

Labor and Wages

“Labor” is how much a person works. It is the use of time an exertion of effort to produce something of value. Generally speaking, the more valuable a person’s labor is, the higher their wage.


“Unemployment” is a major economic indicator measuring how much of the working population is currently looking for a job. Just because someone is jobless doesn’t mean they are unemployed – they need to be looking for work!

Price Controls

“Price Controls” are artificial limits that are put on prices. If the limit is put in place to prevent prices from getting too high, they are called Ceilings. If they are in place to prevent the price from getting too low, they are called “Floors”.