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If you have ever withdrawn money from an ATM, you may have noticed that the prompts give you two account options to withdraw from – savings or current. Exactly what do these mean? In this article, we shall be considering all the fine details of a savings account, leaving the other for another time. What […]
Thinking Of Opening a Savings Account? Get All the Details Here About How It Works Read More »
In a previous article, we looked into the issue of identity theft, what it means and how you may protect yourself. This articles focuses particularly on the steps you should take if you are positive your debit card has been stolen, and your bank account compromised. 1. Monitor Your Account Banks usually ask that you
Did Your Debit Card Get Stolen? Take These Steps Fast! Read More »
While Warren Buffett makes a good case for investing as an avenue for wealth creation, another billionaire, Mark Cuban, is of the opinion that people should stay as afar away from it as possible. Since we can learn from the points on which we disagree as much as those on which we agree, we would
3 Smart Money Moves Everyone, Including You, Should Be Making Read More »
Understanding the difference between simple interest and compound interest is a very important concept if you are trying to create wealth. Compound interest is like travelling in a rocket while simple interest is like doing the same on a bicycle when you compare the two over time. Let’s look at the following example. Simple Interest Imagine
Guard Your Money, Know The Difference Between Simple and Compound Interest Read More »
In a previous post, we broached the subject of account type taking a critical look at the savings account, how it works, and what benefits there are to it. In this follow-up post, we shall be considering the current account, and how it measures up against the savings account. Do dig in, let’s make today
Current Or Savings? Get All the Facts About Which Account Is Best For You And Why Read More »
I like you to understand that in thinking about how to effectively manage money, the first thing to consider is saving and this means every time you get some money, either as a gift or an allowance from your parents or relatives, it is important that you set aside some of that money for yourself.
Why It Is Important For You to Save Some Money Read More »
Business Studies JSS 2 Week 5 Topic: Bank Services Contents: Meaning of Bank Types of Banks Function of Banks Commercial bank services A. Meaning of Bank A bank is an establishment authorized by a government to accept deposits, pay interest, clear checks, make loans, act as an intermediary in financial transactions, and provide other financial
Classwork Series and Exercises {Business Studies – JSS2}: Bank Services Read More »
Don’t ever think you are too young to start learning about smart savings and investments. Billionaire, Warren Buffett started to learn the fundamentals of investing from his father when he was only a boy. Little wonder, people are usually interested in his investment advice because he has had more years of do-it-yourself experience. So in
The 3 Great Benefits of SAVING and INVESTING as Told By a Billionaire Read More »
