A debit card is a small plastic card that you keep in your wallet. The card is associated with your bank account and with you by means of identifying information such as a long number on the front, a security number on the back, your name and your signature. A debit card allows you to pay for … [Read more...]
What are the disadvantages of mutual funds?
The major disadvantages of mutual funds are discussed below: 1. Centralized control: some shareholders do not like the fact that their funds are controlled by a professional manager as they want to look after their money themselves. 2. Extra costs: extra costs need to be paid to ensure that … [Read more...]
The Importance of Saving Money for Kids
“Save money and money will save you!” This single sentence describes the importance of saving money in a significant manner. Saving money is a beneficial habit that helps us for lifetime. It provides financial security and ensure a prosperous future. Teaching money-saving habit to kids at a … [Read more...]
Saving Money: Its Meaning and Importance
Saving money is always a wise decision! Do you know why? Well, that’s a truth that you cannot buy everything with money, but of course, it can help you buy most of the things! This simple sentence is enough to understand the importance of saving money. However, for a better understanding of the … [Read more...]
Short Note on Money
Money is a medium of exchange that is used to buy and value goods and services in the market. It comes in the form of coins or paper/bank notes. Nowadays money has evolved into plastic money whereby we have debit and credit cards that are issued by banking institutions. Money is used to carry out … [Read more...]
Major Differences between Debit and Credit Cards
Debit and credit cards look similar: both are plastic cards that enables you to make payments. You can use it online or in store. However, whilst with a debit card you pay immediately from your own bank account, with a credit card, you pay using money that the credit card company or bank has … [Read more...]
Brief Overview of Credit Cards: Meaning, Advantages and Disadvantages
Introduction: Credit cards are among the most popular financial product of modern times. The introduction of plastic money has completely changed the methods of payment. What is the meaning credit cards? Credit cards are bank cards that enable us to buy goods and services without paying for them … [Read more...]
Brief Overview of Mutual Funds: Meaning, Advantages and Disadvantages
What are Mutual Funds? A mutual fund is a professionally managed fund into which a number of investors have pooled their money. An expert is in charge of the fund and invests it according to the purpose of the fund. Mutual funds are a type of investment vehicle. This investment vehicle pools … [Read more...]
Paragraph on ‘Save Money’
What is Money? Money is anything that we can use to exchange for products and services. Early monetary systems involved shells and other natural objects, whereas money today usually takes the form of coins and bank notes. Why is saving money important? 1. For the present. Having enough money … [Read more...]
Save Money: 19 Best Ways to Save Money
Saving money involves putting a little money aside in case you need it. You can save your money in a bank account, for example. This is one of the most common ways to save money, and it is a very good idea to place your savings in a high interest account as then the money that you have saved will … [Read more...]