Category Archives: Personal Finance

Personal Finance Lessons! This is just a sample. Our Personal Finance lessons combine reading, videos, infographics, and quizzes to ensure concept mastery.

To get Personal Finance Lab for your school, Click Here.

Mortgages

Your home will probably be the biggest purchase you make in your lifetime. Buying a home not only saves money on rent, but is a serious asset that can appreciate over time. Since homes are so expensive, (almost) no-one buys them in cash. Instead, homes are typically purchased with a special type of loan, called a “Mortgage”, that breaks the principle and interest into equal payments over the entire term of the loan.

Bankruptcy

Bankruptcy is a type of forced debt settlement, and is a legal procedure. When you declare bankruptcy, the courts will gather all your unsecured creditors together, and hear the debts you owe. They will then examine all your assets, and pay out as much as they can to settle as many debts as possible.

Debt Negotiation

Everyone has had financial emergencies – when a huge spending shock breaks your budget or spending plan into pieces. If you have more than one emergency in a short time, such as if you lost your job, your outstanding debt balances might start to spiral out of control. But, you can try to ease these troubles by calling your creditor to discuss debt negotiation.

Credit Cards

Credit cards is a form of unsecured credit (meaning a loan without collateral) that you can use to make everyday purchases. All credit card purchases are made using a loan – you borrow money from your credit card issuer, and later pay it back with interest. Read this article for information about the differences between credit and debit cards, the types of credit balance, how finance charges and interest rates work with credit cards and gives details about the CARD Act of 2009.