Types of Savings Accounts
Opening a savings account is the easiest way for people to save and earn money at the same time. It is the simplest form of investment. There are different types of savings accounts which vary according to your type of needs.
CD vs. Money Market Accounts
If you've got some extra money scattered on various accounts, it is difficult to resist the temptation to use it for a vacation, a new car, or home renovation. But let’s say you were able to do all that and decided to save your money instead. Now, comes the misleadingly-simplistic question, where do you stash it? There are two basic options: the certificate of deposit (CD) and the money market account.
The Good, the Bad and the Ugly: Money Management for Young Professionals
As an upcoming or recent college graduate, your mind is chock-full of knowledge and ideas that will help you thrive in your newly-minted professional career. It’s tempting to let thoughts of long-term money matters fall by the wayside as you establish yourself in a new role, but doing so can cause long-term damage to your financial future. To make sure your money works for you in the long run, add a self-taught course in money management to your list of priorities. Think of this article as your study guide and use it to prepare for retirement’s final exam. Instead of a good grade, however, you’ll get long-term financial security if you pass.
Financial Services target audience can be found “online”
Social Engine Marketing presents opportunities for marketers to target high potential consumers. American online financial product and service "shoppers" are younger and wealthier than ever; 58% aged 35 or older with annual incomes of $50,000 or more (64%), Harris Interactive. This target audience averages between 32-48% online activity for products ranging from home equity loans to credit cards. The study was based on a nationwide, online research and interviews carried out by iCrossing & Harris Interactive. Based on current trends, researchers have concluded that financial markets have the opportunity to engage and convert a highly attractive demographic and socioeconomic profile group through the use of search marketing.
Back-to-School Budget Crunch
Putting together a budget for back-to-school supplies is more important than ever with rising food and gas prices, according to a new survey by Capital One. However, while parents admit the current economic situation will impact their spendings this year on such items, most (about 60%) have not taken the opportunity to budget such spendings. The survey also revealed that teens were eager to learn how to manage money, but parents are not taking an active role in providing their youngsters with these skills. For more info on Capital One's Back-to-School survey and tips on helping teens develop money management skills, click here. MyBankTracker.com provides parents with a chance to compare and research America's top banks and their teen and children's savings account products online easily, facilitating a healthy start to financial education.
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