I Am Your Guide Through The World of Money
No matter where we may live, we often find ourselves in an urgent hunt for money. In the course of our daily lives, we witness people struggling to meet their basic needs to floor through this very difficult times. In my personal experiences, I have seen how people suffer, go without basic needs and end up hungry and develop disease.
As we look for money in the New York area, it is typical to witness a lot of small business owners struggle for financial resources and, therefore, become Essence 253. prag cynicsstrongly utters that people in need of basic needs lack proper money management skills and are spending way too much money and time on orientation aids and money saving clubs.
As result of all such experiences, I started thinking that the new age global needs should be well addressed by people and societies. I wanted to solve this problem by showing people how to make money.
To help people, I created a self improvement guide on basic finance that anyone could read or use.
For the blog readers, I have also written a 29 part series on basic finance. You can find it by searching for Monthly Budget Guide or Budgetankyourvector scrubbingMode.
In the last 13 articles in the series, you will find information about personal finance in each subject categorized chart.
In the first part of the series, many questions were asked and a majority of the answers are compiled here.
Bank savings accounts
Which account should I choose? Should I choose a savings account from the bank, or a money market account, etc?
What is the difference between these accounts?
How does the relationship between bank savings account and money market account work?
What are the advantages of the money market account and bank savings accounts?
What are the disadvantages of the money market account?
How can inflation affect my ability to earn on my money market account?
How can interest be earned from my money market account?
How can I hedge against the risk of losing my money market account?
How can I learn about which company's branch is situated where?
Which companies have ATM machines?
If you ever accrue enough money to withdraw from a company ATM, will you be charged a fee instead of the usual.
How can I make money from the fasteruck that my bank makes on all the transactions?
Are my investments protected with as much as I should?
No, we always follow our fiduciary responsibilities to the bank as a customer and thus do not like to thefts, frauds and price-fixing
Are My Investments insured by the FDIC for any type of bank failure?
What is the FDIC insurance?
How are my transactions handled in the bank?
Can I estimate how long will my bank deposits be held?
How long will it take me to withdraw it?
I want to know if I will not be charged any fees at all when an I am a new customer.
Is it possible to withdraw a deposited money's whole sum as cash?
How about refinancing my loan for a shorter time?
What are other types of loans that I can get?
What are different types of products and which to share with my supplier?
What are specific rules?
What is the APR?
How are banks structured in this way?
How do banks calculate APR?
What are the charges connected with credit cards?
How well do banks pay?
Can banks impose some fees when going into red?
What is the time that banks will hold my money?
What if bank FDIC insurance does not cover all my bank deposits?
These are some of the basic questions. You need to get answers to these questions because the terms of the borrowers are subject to bank responsibilities and responsibilities.
When asking about guarantees, I try to get as precise as I can so that the average person gets an idea of how the banks work. In an ideal situation, the bank should keep all its customers' money but it often happens that this is not so.
For personal finance, I have seen very poor management at banks because the bank management does not educate their customers such that they will not go bankrupt.
To satisfy their needs, banks have started outsourcing everything, from small accounts to investing large sums in businesses. This is done in the hope of saving costs, even if it means less competitive products for you.
However, this outsourcing reduced the flexibility of the customers, which is the core of the banking system. When you sign a loan or credit card contract, you will believe that you have chosen a bank that offers the best bank savings, with the best interest and no extra costs.
In reality, the bank has been given the resources to spend money and most people approve these expenditures because they do not know about the details of what they have signed.