Finance Basics

Welcome to the Finance Basics, where we lay the groundwork for your financial journey. In this category, we explore the essentials of finance, helping you build a solid understanding of how money works.

The two subcategories are:

  1. Personal Finance Basics:
      • Covers fundamental concepts related to managing personal finances.
      • Includes guidance on budgeting, saving, and other key aspects of personal financial management.
  2. Financial Education and Literacy:
      • Provides resources and information aimed at improving financial literacy.
      • Focuses on educating individuals about various financial concepts, ensuring they have the knowledge needed for sound financial decision-making.

The Different Types Of Money

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Chalkboard lesson showing the 5 types of money

There are 5 different types of money in the world: Fiat, commodity, representative, fiduciary, and commercial bank money. They also all have three functions in common; they serve as a medium of exchange, as a store of value, and as a unit of account. What is money? In economics, money is simply something generally accepted … Read more

12 Parts Of A Check Labeled & Explained

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The Parts of a Check and How to Write One Feature Image

However infrequently it happens, there are still times when we have to know how to write a check. And so, I will use this check sample to teach you what I know about the parts of a check and how to use one.  When I was growing up, I learned how to balance a checkbook … Read more