04/28/2014 Taxes and Insurance

It is very important to have insurance. Pay your insurance every month. Have auto insurance because it is illegal not to have one. It will be good if you have health insurance because it cuts down the expenses of medicine and surgeries.

Renting vs. Owning 4/10/2014

I now know that a lease is a rental agreement. A depreciating asset is something you own that decreases in value overtime. An appreciating asset is something that increases in value over time. It is important to buy off what you're owing in time so that you won't be in debt.

Financing Higher Education 4/4/2014

I now know that if i don't have the money to pay off a loan i should consider going to a cuny or suny college and apply for financial aid. If I want a loan I should do a payment plan so that it will be easier for me to pay of my college loans. If I really want to attend a private college I should consider applying for a scholarship or a transfer.

Credit Score 4/1/2014

In class we learnt about Credit Score. Credit Score is a number assigned to a person that indicates to lenders their capacity to repay a loan. In Credit Score there is FICO which is an acronym for the Fair Isaac Corporation. Credit Scores are based on information in credit reports from the three main credit bureau. A Credit Report is a record that details a person's credit history.

Payments, Interest Rates, and Credit Cards. 3/27/2014

In payments it deals with credit card, debit card and other stuffs.  I learnt that payday lenders offer small amount of cash. Interest rates are normally expressed as a percentage of the principal for a period of one year. You can pay your bills through checks and credit cards.

3/11/2014 saving

In savings they help you save and invest your money on important things in life.
In savings, there is interest. Interest is the fee someone pays to be able to borrow money.
A budget is the way you spend your money.

3/11/2014 banking

i learnt that banking helps you handle your money.
Banks offer you services like loans, checking, savings and vehicles.
You can pay your bills through online banking.