Category: Money
-
The company match is often overlooked, but it is very important for getting the most out of your retirement fund, and your paycheck. The company match is when your employer offers to meet your contribution to your retirement fund. Some companies will match your entire investment, although it’s also common to match up to a…
-
Robinhood is an app that allows commission free stock trading right on your phone, and soon to be online too. Most brokerages charge you every time you buy and sell stocks, but Robinhood allows you to make trades for free. They don’t have a lot of the bells and whistles of traditional brokerages which allows them…
-
Having a credit card is very important to build your personal credit. This is crucial for making sure you can rent an apartment, or take out loans in the future. Building credit, however, is not the only reason to have a credit card, you can also get some rewards, as long as you’re smart about…
-
Savings Interest to encourage saving money. Usually higher interest than checking acct, but lower than CDs. Can deposit & withdraw, but not usually write checks or use Debit card. Basic Checking Allow for basics like checks and debit cards. Not much else, like interest. Limit certain behaviors. Interest-Bearing Checking Provide interest, but cost more than…
-
Compound interest is very important to understand so you can get the most out of your money. It is when you earn interest on the interest you’ve already earned on an investment. When you invest money in a retirement account you earn interest on that principal sum every period, annually or monthly. The key to…
Advise & Conquer 