by on November 17, 2022
Think carefully before agreeing to cosign someone’s loan. You will be responsible for repaying the loan if the borrower does not. The loan will likely appear on your credit reports, as well as the borrower's credit reports. If you: ...
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by on October 7, 2022
Especially now, in a time where the economic situation may be forcing you to be creative in your spending exploits, you have to be on top of your money. It’s in your best interest to be smart when you spend.   Your ability to find that delicate balance between cash and credit could be the difference between: ...
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by on August 20, 2022
The threat of the Fed increasing interest rates has been going on for some time. An increase in the interest rate, also known as the federal funds rate, has one primary effect. Banks have to pay more to borrow money from the Fed. That’s it. However, this effect leads to several other effects. When banks pay more to borrow money, everyone has to pay more to borrow money. This includes businesses. It also becomes more expensive for consumers to use credit, such as credit cards. Overall, busine...
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by on August 1, 2022
Credit cards make purchases and paying your bills easier. Using a credit card is also a good way to boost your credit score. However, failing to properly manage your credit cards can lead to a lot of unnecessary expenses.   If you’re tempted to buy things you can’t really afford just because you can charge them on your cards, it will benefit you to leave them at home when you go shopping. When you have an emergency, rely on an emergency fund to avoid charging unplanned expenses on your car...
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by on May 26, 2022
FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost one penny of FDIC-insured accounts. The FDIC manages the Deposit Insurance Fund to insure the deposits, protect the depositors of insured banks, and to resolve failed banks. The FDIC also fosters communication and coordination among other countries’ deposit insurance systems. Deposit insurance is one of the significant benefits of having an accou...
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by on March 10, 2022
Do you feel like your credit card debt is insurmountable? The good news is that, no matter how high the mountain appears, you can climb it and pull yourself out of the metaphorical hole you may find yourself in.   Here are some ways to tackle that debt and bring it down to size: ...
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by on February 16, 2022
There are many different ways to borrow money. You can go to a bank for various types of loans. You may choose to use pawnshops or payday loans. Credit cards are another idea. You can even borrow money from friends or family.   Another option is a line of credit. While lines of credit have been popular with businesses, they haven’t been widely used by individuals. This is primarily because banks aren’t advertising them, and most borrowers lack the knowledge to inquire. ...
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by on February 10, 2022
The Cash Assist mobile app, available now on Android and coming soon to iOS, is the perfect training companion for cash handlers across industries who need guidance on how to authenticate Federal Reserve notes. The app’s “Denomination Detector” uses your Apple or Android’s camera to identify the denomination of the bill you are authenticating. Capture an image of your banknote with either the front-facing or back-facing camera on your mobile device. Once the denomination has been detected, the ...
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by on October 5, 2021
If you’re a high schooler applying to college, a college student, or their parent, it’s time to fill out the 2022-23 Free Application for Federal Student Aid (FAFSA®) form. Unfortunately, scammers know it’s that time of year again, too and they’re gearing up to try to take advantage of financial aid seekers. Many states and schools give out funds on a first-come, first-served basis. So, if you’re looking for financial aid for college or career school, fill out your FAFSA form as soon as you c...
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by on September 27, 2021
Crane and Co., a Massachusetts-based company, has been providing the U.S. Bureau of Engraving and Printing with paper for U.S. currency since 1879.  Federal Reserve notes are a blend of 25 percent linen and 75 percent cotton. Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed throughout the paper. ...
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by on September 9, 2021
U.S. Treasury securities are debt instruments. The U.S. Department of the Treasury issues securities to raise the money needed to operate the federal government. Why should I buy a Treasury security? Treasury securities are considered a safe and secure investment option because the full faith and credit of the U.S. government guarantees that interest and principal payments will be paid on time. Also, most Treasury securities are liquid, which means they can easily be sold for cash. ...
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