Whether you just opened your first checking account or want to know all that’s on offer at your local branch, it’s wise to learn the language spoken by your bank. Consult the following list to upgrade your banking vocabulary.
A certificate of deposit, or CD, is a savings product offered by financial institutions. It earns a higher interest rate (see below) than a regular savings account, but that comes in exchange for locking up your money for a specified period of time, from a fe... [More]
Every April for the past 10 years, we have celebrated National Financial Literacy Month – and for good reason. A person’s financial literacy level can always be improved. In a study conducted by the FINRA Investor Education Foundation, participants were asked five questions about personal finance, and 61% of them couldn’t answer more than three questions correctly.
1. Why is financial literacy important?
As the financial landscape changes, it is becoming increasingly important ... [More]
Filing your 2013 taxes means digging through your calendar, rustling up a bunch of receipts and trying to account for everything that might qualify as a valid deduction or tax credit. To help nudge you in the right direction, here are some legal loopholes you may want to take advantage of.
Remember Job Search Deductions
If you landed a new job last year – in your same occupation – you can generally deduct the expenses that exceed 2% of your adjusted gross income. That can include emp... [More]