Learn important tips on how to build credit by using credit cards and loans responsibly, how to maintain good credit by making payments on time and keeping credit utilization low, and how to monitor credit reports to ensure accuracy.
Here we present credit scores explained in an easy to understand way. Understanding your credit score is crucial for managing your finances, whether you’re just starting to build credit or have been doing so for a while. A credit score is a number that represents your creditworthiness to lenders. Lenders use it to determine loan … Continue reading What is a Credit Score?
Learn what are the main types of money. What is money? Learn about the main types of money including commodity money, representative money, fiat money, and bank money. Also learn why intrinsic value is important. Watch on YouTube Watch on TikTok Watch on Instagram @moneyinstructor What are the types of Money? #financialeducation … Continue reading What are the Types of Money?
Learn what is money and what are its functions. Money is a commodity that has been accepted by all as an economic medium. It is used to express prices and values. As a currency, it circulates anonymously between people and countries, facilitating trade and is the main measure of wealth. Watch on YouTube Watch on … Continue reading What is Money? Functions
Learn how much to save for your emergency fund. Emergency savings are designed to cover unexpected expenses or financial emergencies. You can use emergency savings to pay unexpected bills, small or large, that are not included in your monthly spending and expenses. Watch on YouTube Watch on YouTube Shorts Watch on TikTok Watch on … Continue reading Emergency Savings Fund. How much Emergency Money should I Save?
Learn the basics of why everything is so expensive in 2022. Prices going up for food, gas, rent, housing, and other things. A video short lesson. @moneyinstructor Why is everything so expensive? Inflation 2022 #money #moneytok #foryou #cartoon #tiktoktaughtme #inflation ♬ original sound – Money Instructor View this post on Instagram A post … Continue reading Why is Everything so Expensive? Inflation
Learn about earning, spending, saving, and investing money. Learn how they are related and how you can build wealth. Earning Do you have an allowance? Have you done chores and got paid? Do you have a job? If you have, then you have earned money. Earnings refer to the money you earn from a job. … Continue reading Earning, Spending, Saving (and Investing)
Compound interest means that the interest will include interest calculated on interest. For example, if an amount of $5,000 is invested for two years and the interest rate is 10%, compounded yearly: • At the end of the first year the interest would be ($5,000 * 0.10) or $500 • In the second year the … Continue reading Calculating Compound Interest
When we borrow money we are expected to pay for using it – this is called interest. There are three components to calculate simple interest: principal (the amount of money borrowed), interest rate and time. Formula for calculating simple interest: I = Prt Where, I = interest P = principal r = interest rate (per … Continue reading Simple Interest – Definition and Calculation
Besides Macroeconomics, the other basic way to view economics is the “Microeconomic” view. This view concerns itself with the particulars of a specific segment of the population or a specific industry within the larger population of good and service providers. More importantly, from a financial standpoint microeconomics concerns itself with the distribution of products, income, goods and … Continue reading Microeconomics: A General Overview
Finance is based on economics. Therefore, to properly understand financial markets and their behavior one must first understand economics. Economics at its core is concerned with the production, distribution, trade and consumption of goods and services. To put this in human terms we can say that economics is the science that arises out of the interplay between limited … Continue reading Macroeconomics: A General Overview
When investing in stocks, research and due diligence is an absolute must. Even if you are engaged in “technical analysis,” and make investment decisions primarily based on the directions and trends of the stock charts, you still must know something of the company behind the stock. There are, of course, a great many subscription-based newsletters, … Continue reading How to do Free Research on Stocks
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