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Considerations When Lending Money to Friends or Family

It’s wonderful to be able to help a friend or family member with a financial challenge, but money has a way of creating disagreements and hurt feelings. Many financial experts recommend never lending money to loved ones. But every situation is different. It’s important to consider all the issues and then make your best decision. If you’ve decided to make a loan, taking these steps will help ensure things go... ❯❯❯

Top Financial Tips for Millennials

Are you a millennial who feels overwhelmed trying to manage your finances? Are you getting the most out of your money? Financial literacy is not often taught in schools and they don't do a great job preparing their graduates to manage their finances. So when you're out of college and start real life, it can be a little overwhelming and it is easy to get yourselves into debt and other financial trouble. Most millennials are currently... ❯❯❯

Central Banks, Financial System and the Creation of Money (and Deficit)

In the market economy, the financial system gives money from the positive savers (i.e. depositors) to the negative savers (i.e. people with shortage of funds which need loans to buy property etc.). Furthermore, the financial systems facilitate non-cash payments. from individuals or legal entities. The financial system has by law a monopoly of services. Only banks can accept deposits, only insurance companies can provide insurance... ❯❯❯

Three Ideas for Spring Cleaning Your Finances

Your taxes have just been filed and now it's time for spring cleaning - clearing out the dirt and clutter in your homes and work space to allow for a chore-free summer. Why not also use this opportunity to "clean" up your finances? With a little annual clean-up and our three ideas, you can keep your current financial situation well-organized, streamlined and up-to-date. Clear the document clutter We are all human and sometimes... ❯❯❯

Common Surety Bonds You Ought To Know

A surety bond can be defined as contract between three parties guaranteeing that a job will be completed in accordance to the contract terms. The three are the project owner who is the obligee, contractor who is the principal and the surety who ensures the task at hand is completed as per the agreement terms. Surety bonds are more financial related and even though they are very common in the construction industry, they come in... ❯❯❯