These Financial Ages

Some of the most fundamentals aspects of personal finance are savings and checking accounts at the local bank; however, a lot of college students don't really know how to utilize them properly or even how different rates can affect their money. Knowing these differences can save you a whole lot in the long term. Checking vs. Savings These two types of accounts are the most common in local banks. A checking account is used to pay off everyday purchases and is typically linked to a credit card while a savings account is used to save and grow money over time. Savings account will generally have higher interest rates than checking accounts and savings are one of the most liquid assets you can have, meaning it is very easy to convert money in the savings account to other forms of money such as cash and bonds. Different Interest Rates Different banks offer different interest rates for savings and checking accounts, and being aware of it can help you optimize your finances. The ...

As much as we would like to think that people are good people and have good intentions towards other people, there are many frauds and scams in the world that take advantage of naivety to loot and steal. While we shouldn't go around fearing everyone and everything, just having simple knowledge and common sense will make you much more prepared to identify and avoid these schemes. Here are some of the worst ones : Phishing Scams This scam usually involves a scammer sending a message (usually through email) pretending to be an authority in order to dupe victims into giving over sensitive information like passwords, credit card numbers, and even money. An example of this scam would be getting an email claiming to be Google and that you need to click on a link to update your account otherwise it will close. Then you would be directed to a bogus link that seems legit, and the scammers gather your information when you put in your information. Always check the url of the link, if it...