How Save Your Money Without Losing Purchasing Power

4. If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why? (2-4 sentences. 1.0 points)

4. If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why? (2-4 sentences. 1.0 points)

The bonds can be issues with fixed interest or variable rate interest, each of which has its advantages and there disadvantages.

c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points)

Bonds require a minimum amount of money to purchase and a minimum length of time to hold on to the bond.

Perhaps the most advantageous time to hold cash is when a recession hits and the economy starts to slow down.

c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points)

The first bank I researched was Municipal Credit Union. Municipal Credit Union is a state chartered credit union headquartered in New York City, regulated under the authority of the National Credit Union Administration. After investigating its financial services and products on the website, I found that they offer checking accounts, credit cards, CDs, mortgages, home equity loans (line of credit), and IRAs. The benefits to customers involve free online banking with bill pay and eStatements, a

In return for that money, the issuer provides you with a bond in which it promises to pay a certain rate of interest during the life of the bond, and to repay the face value of the bond (the principle) at its maturity date. Among the types of bonds available for investment are: U.S. government securities, municipal bonds, corporate bonds, mortgage- and asset-backed securities, federal agency securities and foreign government bonds. Zero-interest or coupon municipal bonds are my number one choice because these bonds can be purchased for a small amount, then at its maturity date, or earlier call date these bonds usually pay the face value. Now to me, this is a smart investment choice especially for retirement.

3. Begin with 3% of your pay going into retirement savings. Each raise/promotion you get increase it by 1% until you have reached your employer’s maximum match rate. Then add the 1% into an IRA until you have reached the percentage that results in your desired retirement account.

The Bank Person- Why, yes we have Debit Cards so that you can pay for goods or services using money in your checking account.

Saving money is an important part of your financial health. The more you save, the more you can feel at ease whenever a rainy day might hit. You cannot predict the future but you can prepare for it. If you prepare now, your future self will thank you. But how can you save if you have so many bills and only one stream of income? Here are some tips you can use to rack up that account with a single income.

Basically, it is a pot of money set aside just in case something happens that is unforeseen i.e., a job loss or illness.

Many government related institutions issue bonds, some supported by the revenues of a specific institution and some guaranteed by a government sponsor. For example, in Canada they have a bank that issue bonds that are guaranteed by the

Savings account. This is one account which you should automate considering that you are likely to change your mind should the account be handled by yourself. On hand, there is the temptation to defer saving and use it on something else which you really do not need. Savings account may include those intended for emergency, retirement, and personal