How do you teach kids the value of a dollar? With so many temptations, it is hard to keep kids from developing poor spending habits. However, some tools and tips can help, including mobile apps that teach kids to save more than they spend and make taking fiduciary responsibility seriously.
If you’re one of the rare financially-minded breeds, you likely keep an obsessively watchful eye on your finances. In terms of a monthly car or house payment that means not being content knowing only your monthly payment and term length, but also how to calculate those figures yourself.
When you make a series of monthly payments to pay back a car or home loan, a portion of the payment goes to interest and a portion pays down the principal balance.
Imagine this scenario: You embark on the search for your ideal car or home. Upon finding it, you excitedly go through negotiations and financing only to discover the monthly payments are well beyond your reach.
Traditional bonds offer simple-interest coupon payments over the course of a defined maturity period. When the bond finally matures, the bond’s par value is paid along with the last coupon payment.
An Explanation of Benefits or EOB is a document you’ll receive from your health insurance provider after processing a claim on your behalf. It is not a bill. Here we’ll walk you through a sample EOB.