Opening a savings account is typically a great idea. Money in a savings account can be used for an emergency, a large purchase, a down payment, unexpected expenses, or even a rainy day. Savings accounts are different from checking accounts because the purpose is to...
The U.S. government hitting the debt ceiling severely affects the country’s financial stability. If the government cannot borrow more money to pay off its debts, it could result in significant consequences such as a government shutdown, a credit rating...
Financial literacy month is a time when we remind ourselves to learn as much about keeping money as we do making it. April is Financial Literacy month in the US, so designated by a US Senate resolution in 2003. In 2017, President Obama recognized and recast it as...
It’s all too easy to make financial mistakes when you have your first credit card. If you don’t know how to preserve your financial standing and your credit score, it can be easy to fall into trouble. Millions of people every year make these same ten blunders while...
We’ve all heard the saying that the 99% is getting poorer, while the 1% gets richer. This is true, and in America we have a severe wealth gap. In other words, there’s a large discrepancy between the income of the richest and the income of the working class. And...
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