A credit card is a small plastic card that is associated with you. It looks very similar to a debit card but it works in a different way. Whilst a debit card is associated with your bank account and lets you pay for things using that money, and draw the money out of your account when you wish, a credit card represents money that has been loaned to you. Credit cards come with … [Read more...] about Short Paragraph on Credit Card
What is a Debit Card?
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 goods in shops using an electronic card reader. It also allows you to withdraw money … [Read more...] about What is a Debit Card?
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 the fund keeps on running as well as possible, which makes these types of investment … [Read more...] about What are the disadvantages of mutual funds?
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 younger age helps them grow into smart and intelligent adults. Meaning of Saving … [Read more...] about The Importance of Saving Money for Kids
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 same, let us read further. Saving Money – What Does that Mean? Let us know and … [Read more...] about Saving Money: Its Meaning and Importance