Tracking the activity in your checking and savings accounts is a great money management strategy. In addition, your monthly bank statement is an excellent resource provided by your financial institution to assist you in staying on top of your finances.
by Sha'Kreshia TerrellHave you ever wondered why you were denied a loan? It usually comes down to the 3 C's of credit: Character, Capital, and Capacity. Learn more here.
by Shaun MorganOne of the simplest ways to secure financing is through a line of credit. The application process for lines of credit tends to be quicker and less involved than for other types of financing such as business loans, personal loans or mortgages.
by Pam HillThe historical event being reviewed is the Dotcom Bubble, which plummeted tech stocks of various companies, some of which are still around today. Between 1995 and 2000, the NASDAQ Composite Index, which tracks most of the stocks traded on its stock exchange, rose by 582%.
by Sheena AllenDuring the COVID-19 pandemic, there was high economic turmoil. To help keep the economy going, the Federal Open Market Committee (FOMC) determined that it was a good idea to lower interest rates to an all-time low.
by Nailah HerbertThe COVID-19 pandemic caused times of financial hardships for the majority of people. As some were forced to work remotely or were left out of a job, it became increasingly difficult for some to accommodate their living expenses.
by Nailah HerbertChoosing the right mortgage depends on a host of important factors. Some of those factors include your FICO score, your available down payment, and how long you plan on living in your new home.
by Pam HillOverseas events such as the invasion of Ukraine often reach beyond their borders, impacting global financial markets, energy prices, and mortgage rates.
by Pam HillThe coronavirus pandemic exposed the dire need for people to access inclusive financial services, mainly since the pandemic has caused people to scramble to obtain funds for their essential needs.
by Sheena AllenIn a recent study, it was found that members of Generation Z and Millennials were paying more in banking fees. On average, Gen Z pays around $19 per month in banking fees. Millennials spend $16, while Gen X pays around $4, and Baby Boomers pay around $2.
by Viviana VazquezA company’s balance sheet provides a snapshot of the company’s financial position. A company’s income statement shows the company’s gains and losses. A company’s cash flow statement shows how much cash is coming in and out of the business.
by Matin Varshochi