Overdraft Loan An overdraft is low and requires a current account with a certain bank. A loan can be a lump sum and depending on the type, you can get it from your bank or another. Overdrafts are ideal when you have an emergency and require money fast. Some types of loans take longer to … Read more Bank Overdrafts vs. Loans
For sure, investing is one of the most important aspects of your financial life. You might have heard it more than 100 times that you should start investing. But, are you familiar with what this means? Wise investment can give you great returns but walking into any venture without knowledge is a recipe for disaster. … Read more Investing 101
In any bank, you get to choose from many types of accounts depending on the purpose. Not all accounts are suited for you, so you should be sure before applying for one. Depending on the type you want, some requirements must be met in full. This way, you can successfully register for it. A money … Read more The Basics of Money Market Account (MMA)
A checking account is perhaps one of the most common and essential type of accounts you can open. It’s easy to open and manage and has no complex processes. Once you deposit money in it, unlike savings accounts, there are no restrictions when it comes to accessing it. A checking account is also called a … Read more The Best Checking Accounts in 2020
Investment 101 It’s important to plan your future and set aside money for investment. This way, the money works for you as you keep on with your busy life. In the future, you get to enjoy the fruits of these investments and live a financially stable life. When you think of investing, think long term … Read more Stock Broker Basics for Beginners
Understanding IRAs Retirement is bound to come no matter how young you are and the sooner you start planning for it the better. An IRA is an account that you set up for this purpose. It’s an investing tool that has some tax advantages attached to it. People create IRAs to plan for the inevitable … Read more Why you need an Individual Retirement Account (IRA)
Who is a Financial Advisor? A financial advisor is a trained professional with knowledge on how you can make better financial decisions. They provide advice on a variety of financial matters and offer their services to customers of financial institutions. A qualified FA will hold the necessary documentation and license to prove they are qualified … Read more Factors to Consider When Choosing a Financial Advisor
Financial coaches will always insist on savings and investment. Once you make the decision to invest, the next step is learning the types of investment to make. You have a wide variety of choices to choose from for diversification of your portfolio. a) Shares (Stocks) When you buy the stock of a company, you become … Read more Different Types of Investment Plans
Unlike the old days, today you have a wide variety of banks to choose from. All this variety means you can set up different accounts in different banks depending on their offers. The top banks have asset bases ranging in trillions of dollars across the world. They are not only based in the country but … Read more The Best Banks to Open an Account With
Credit cards are an essential part of the American market. Not only are they a convenient way of making purchases but also an only solution in, some cases, when making purchases. A credit card, for instance, is required when renting a car or when making hotel or travel reservations. Most importantly, credit cards are much … Read more The Best Credit Cards for 2020