One of the ways that you can get a little more of a yield on your cash is to make use of money market products. However, it is important to understand the difference between the different money market options you have. The two main options that many people have to choose from when it comes to money market are: Money Market Bank Account Money Market Mutual Fund Both types of money market products rely on…
One of the basic rules of personal finance is to make sure you have an emergency fund. An emergency fund is a short-term savings account that provides you with access to money when you need to cover unexpected expenses. It can be a wise idea to have two different emergency funds: One for short-term costs, such as car repairs, and one for long-term problems, such as unemployment. Your short-term emergency fund can find a good…
Have you ever wondered what a stock, bond, or mutual fund are exactly? If so, then this is the post for you. These terms are thrown around daily on stations like CNBC. It’s just expected that the average person knows what they are and the differences between them. Well I have found that this is not always the case. Stocks A stock is simply ownership in a corporation. Stockholders are known as equity holders. An…