See the picture at right: saving money is like growing plants in a small home garden. Saving money earns some interest, and compound interest in turn –which is a way of earning interest on interest– will make your savings grow even faster, i.e., like your garden growing faster and taller.
The following are publications and EBooks from government agencies and/or industry and universities related to one or more of the fields and activities of managing money.
You can avoid interest charges, which may be considerable, by paying off your entire bill each month. If you are unable to pay off a large balance, pay as much as you can. Try to shift the remaining balance to a credit card with a lower annual percentage rate (APR). You can find listings of credit card plans, rates, and terms on the Internet, in personal finance magazines, and in newspapers.
One of the the very first things kids must learn about money is that we have to learn to wait in order to get that toy, or tablet, or costume, or any other good this society has to offer. When they go to the park, they have to wait for others if the swing is in use, then take advantage of this opportunity to teach them that the same thing happens with money.
In the past few years, state governments across the country have made their checkbooks transparent by creating online transparency portals. These government-operated websites allow visitors to view the government’s checkbook—who receives state money, how much, and for what purposes. Most of these websites are also searchable, making it easier for residents to follow the money and monitor government spending of many sorts. Today almost every state operates a transparency website with the state’s checkbook accessible to the public.
Affinity fraud refers to investment scams that prey upon members of identifiable groups, often religious or ethnic communities. The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. They often enlist respected leaders from within the group to spread the word about the scheme, by convincing those people that a fraudulent investment is legitimate and worthwhile. Many times, those leaders become unwitting victims of the fraudster’s ruse.
With a debit card and personal identification number (PIN), you can use an Automated Teller Machine (ATM) to withdraw cash, make deposits, or transfer funds between accounts. Some ATMs charge a fee if you are not a member of the ATM network or are making a transaction at a remote location.
Retail purchases can also be made with a debit card. You enter your PIN or sign for the purchase. Although a debit card looks like a credit card, the money for the purchase is transferred immediately from your bank account to the store’s account. When you use a debit card, federal law does not give you the right to stop payment. You must resolve the problem directly with the seller.
Most of us know it is smart to save money for those big-ticket items we really want to buy — a new television or car or home. Yet you may not realize that probably the most expensive thing you will ever buy in your lifetime is your…retirement.
Perhaps you’ve never thought of “buying” your retirement. Yet that is exactly what you do when you put money into a retirement nest egg. You are paying today for the cost of your retirement tomorrow.
The cost of those future years is getting more expensive for most Americans, for two reasons. First, we live longer after we retire — with many of us spending 15, 25, even 30 years in retirement — and we are more active.
Some Internet-based payment systems allow value to be transmitted through computers, sometimes called “e-wallets.” You can use “e-wallets” to make “micropayments” — very small online or offline payments for things like a magazine or fast food. When you buy something using your e-wallet, the balance on your online account decreases by that amount. “E-wallets” may work by using some form of stored value or by automatically accessing an account you’ve set up through a computer system connected to your credit or debit card account.
Just 15 wealthy special interests have spent more than $1 billion in the past 10 years to influence California voters and public officials. This powerful group includes labor unions, drug companies and Indian tribes. It also includes utility, oil, telecommunications and tobacco companies.
These interests have spent hundreds of millions of dollars for and against ballot measures. They often win by spending money to defeat measures, which has the effect of maintaining the status quo.