Personal Finance presentation, checking account selection factors prepare to get financially fit by practicing personal finance, we’re thinking about different factors, we can compare and contrast for different institutions. If we’re comparing the checking account specifically, these are also just factors that we want to be aware of with regards to the checking account. First, we have restrictions, like minimum balances. So oftentimes remember how the bank in essence is going to be making money for something like a checking account, which if you think about it, they’re giving us a lot of services in order to manage our money within the checking account for fairly low costs. How can they do that?

(more…)

Personal Finance presentation, digital payments, prepare to get financially fit by practicing personal finance, we’re going to start off with a list of digital payments. And then we’ll go through some of those items in more detail including the debit card transactions, cryptocurrency, wallet, mobile payment apps, which could be called the digital wallet, and the store value cards or the gift cards. Now some of these might be fairly familiar, such as the debit cards, and the gift cards, some of them might be more abstract, such as the cryptocurrency and the mobile payments.

(more…)

Personal Finance presentation, consumer credit overview, prepare to get financially fit by practicing personal finance. Credit definition as we have seen in the past financial terms can be a bit confusing because they same term can be used differently in different contexts. And the term credit is one of those terms that can be used differently in different contexts.

(more…)

Personal Finance practice problem using one note, CD certificate of deposit penalty calculation. Prepare to get financially fit by practicing personal finance. Here we are in one note, if you have access to one note we’d like to follow along you’re not required to but if we’d like to when the icon on the left hand side when the practice problems tab down in the 41, at CD penalty calculation tab. Also note when using OneNote, take a look at the Immersive Reader tool.

(more…)

Personal Finance practice problem using one note, investment earnings and after tax yield, prepare to get financially fit by practicing personal finance. Here we are aimed at one note, if you have access to one note we’d like to follow along you’re not required to but if we’d like to, we’re in the icon on the left hand side when the practice problems tab down in the 4150 investment earnings and after tax yield tab. Also note when using OneNote, take a look at the Immersive Reader tool.

(more…)

Personal Finance presentation, loan types and institutions, consumer finance companies prepare to get financially fit by practicing personal finance, we will first take a step back listing out where we might go, if we’re looking for financing looking for a personal loan, and then we’ll focus in on the consumer financing companies. So if we were looking for a loan, the first thing that would come into mind most likely would be the commercial banks.

(more…)

Personal Finance, presentation, credit advantages and disadvantages prepare to get financially fit by practicing personal finance, things to consider when using credit. And when thinking about credit. Here we’re thinking about financing, which could be in the form of credit cards, or could be in the form of other types of financing, including loans, typically installment type loans. First question, do I have cash for the down payment, this would typically apply if you’re purchasing something large, such as a home, such as cars, such as a boat, and you are required to have a down payment for it, you want to make sure that you have the cash or note whether or not you have the cash for the down payment? Do I want to use my savings for this purchase?

(more…)