Explain what a checking account is used for
Describe the consequencesessayblazers.com
Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable ratesFor This or a Similar Paper Click To Order NowChecking:Explain what a checking account is used forDescribe the consequences of not being in the banking systemIdentify common checking account fees and how to avoid themExplain how overdraft protection works and explain the impact of overdraft feesExplain the difference between a checking and savings accountIdentify important criteria to consider when selecting a savings account.Explain why a person may need or want creditExplain how a credit card works in terms of making purchases and managing paymentsExplain how interest is charged and how to avoid or minimize itName the components of a credit score and how they’re calculatedExplain the impact of timely payments and low debt on credit scoreDescribe how the credit score impacts the ability to borrow money and at what rateExplain what budgeting is and why it is importantExplain how budgeting can be used to reach financial goalsExplain the difference between gross income and net incomeDiscuss the 50-20-30 rule and other budgeting strategies to use when creating a budget and to save moneyFor each category, you must write a thorough explanation of why this information is important.Consider how you can use what you’ve learned in this class in your life. What would your first steps be?How will what you’ve learned impact you in the future? What might you do with this learning five years from now?What if you don’t do anything with what you’ve learned?For This or a Similar Paper Click To Order NowRelated
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