Financial institutions encourage people to save by offering interest on savings. They loan these savings to businesses and consumers. Banks compete with one another to attract savers and borrowers. The goal of the bank, like any business, is to make a profit.
People often put their savings into financial investments like stocks, bonds, or certificates of deposit. Some of these are more risky — but have the potential of a much better rate of return — than less risky investments.
Teaching a personal finance class? We have some great class ideas on how to integrate the portfolio simulation and educational content with your classes!
This post contains everything you need to know about the Johnson School of Business FIN3000 Personal Finance Project By Professor Anke Stugk.
To be “In Debt” means to owe money to someone else, usually making fixed payments to pay back the amount over time, plus interest. Properly managing debt helps minimize how much total interest you pay, and has a solid strategy on how to become debt-free
It is pretty obvious that you will be compensated by your employer when you have a job, in some way or another. However, the form that the compensation comes in can be drastically different across companies and employers. This article contains the basics on the different kinds of compensation you can get!
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.
An “Investing Strategy” is a plan for how to save money to help it grow. Sometimes an “investing strategy” can just mean “plan for trading stocks”, but it really means a lot more – what do you want your portfolio to DO?
Building the next “Big Thing”. Being your own boss. Getting the full rewards for your work. There are a lot of reasons to start a business (along with lots of risks), but taking the plunge is a step every entrepreneur has to face if they plan on striking out on their own.
“Credit” is when you have the ability to use borrowed money. This can come in many different forms, from credit cards to mortgages. There is a wide range of ways to use credit, which means that it is often a challenge for beginners to learn all the different ins and outs of using credit.