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Category: Financial Literacy

To be financially literate is to know how to manage your money. Financial literacy is confidently understanding concepts and vocabulary around investing, savings, debt, budgeting, banking, and more. These concepts are defined as paying off debt, creating a budget, saving for retirement, and understanding the difference between various financial instruments and terms.

Perhaps you have questions about what you need to do to improve your personal finance situation. Or you may just be looking for definitions of terminology. In any case, this resource center will help you become more financially prepared for your future.

What is the Minimum Wage in Germany?

A business standing with his arms crossed in front of the German flag.

Germany did not always enforce a country-wide minimum wage. Industry-specific minimum wages have existed for a long time, and the nation’s unions are relatively well-organized and effective at collective bargaining compared to those of other countries. However, employers in several industries refused to cooperate with collective bargaining agreements, especially in the 1990s. Lower-paying jobs also […]

What Is an Actuary and What Do They Do?

An actuary meeting with a client.

While the actuary occupation isn’t listed as one of the 10 highest-paying jobs in America, they still earn hefty salaries. If you’re interested in mathematics, statistics, and finances, a job as an actuary may pique your interest. Actuaries are in charge of performing complex calculations that help to determine the likelihood of certain outcomes as […]

What Is Income-Contingent Repayment and How Does It Work?

A man holding a document labeled "ICR Plan: Income-contingent repayment plan."

The federal government’s Income-Contingent Repayment (ICR) plans are a type of income-driven repayment plan. ICRs are one of four income-driven loan repayment options offered through the U.S. Department of Education. With this plan, your monthly payments get capped at 20% of your discretionary income, and any remaining loan balance gets forgiven after 25 years of […]

What Is An Independent Contractor?

An independent contractor works on her laptop in a coffee shop.

For many people, an independent contractor is someone who ‘works for themself’ and seems to have all the freedom in the world. However, there’s a lot more to it than that. Besides giving you an inside glimpse of the gig worker world, this article addresses common independent contractor issues, including what to know about filing […]

What Does a Software Engineering Manager Do and How To Become One?

A software engineering manager working on a computer at his office.

Job Description A software engineering manager is responsible for overseeing the design, creation, and manufacturing of software, applications, or other technology systems. In this position, you’re in charge of a team of engineers and other workers who have different jobs associated with the production of software. On any given day, a software engineering manager could […]

What Does a Big Data Engineer Do and How To Become One?

A big data engineer points to his computer screen which displays various data and graphs.

Qualified tech professionals are in high demand as more and more companies focus on bringing their operations online and to a cloud environment. Some tech experts focus on using data to inform business decisions and streamline company operations. Skilled software developers, network architects, and computer and information research scientists can demand high salaries. Data engineers […]