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Tip of the Day Ditch Your Car

Ditch Your Car - If you live in a community where everything is within a reasonable distance, you need to ask yourself why you are driving a car, which when...

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Money Market

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.  Also, many people get these confused with CD's.  They are in fact quite different: CD's are time deposit accounts whereas money market accounts are demand deposit accounts.  This means you can take your money out whenever you choose.

 

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Definition of the Day Treasury Bill

Definition: A short-term debt obligation issued by the government to finance government activities.  These are commonly referred to as "T-Bills."  They are usually issued in maturities of one, three, or six months.Advice: T-bills are zero-coupon bonds, which mean that they don't pay out interest.  Instead, an investor buys them at...

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