As a student, you would also have various requirements, such as applying for a credit card, taking out a car loan, or even buy your own house. These financial needs might occur while going through college education or immediately thereafter, when you take up an active career. It would be better to plan for all these in advance and manage the finances properly during student days, so that you have …

However, that was what the scenario in 2011. As per recent conditions, certain tips can help a customer avoid such exorbitant overdraft fees to accumulate in his/ her deposit account. One of the easiest ways is to forget about the money that is in the account. While it might sound silly, over the time, the customer would find himself forgetting about a portion of the money and thus, always avoiding …

Money market funds are also known as money market mutual funds. They are usually open-ended mutual fund programs. These programs invest in various short-term debt securities like commercial papers and U.S. Treasury bills. Money market funds are normally as safe as bank deposits or certificates of deposits (CDs), though the yields from money market funds are normally higher than that from CDs. Money market funds provide strong liquidity to all …

It is not easy to come across a bank that allows opening up accounts for minors. Most financial institutes have an eligibility age of 18 and above are such procedures. However, through careful research is possible to come across institutions that allow joint account holding with parents in case of minors. Responsible parents can easily look for such banks and get their kids to learn money management from a young …