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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 Are Current Assets? Current Assets Definition and Examples

Various notebooks — one of them labeled "current assets" — sit on top of a desk next to a computer.

Current assets are the assets a business holds that can be easily converted into cash. When you’re determining the value of your business, your current net worth, or how much company cash you have access to, you’ll need to be able to accurately calculate your current assets. Knowing your current assets and how much debt your […]

What Are Liquid Assets? Examples and Characteristics of Liquid Assets

A woman types on a laptop with a screen that reads "liquid assets."

Sometimes in life you need money — and you need it fast. That’s where your assets come in handy. There are a variety of different assets that individuals and companies may own, including current assets, fixed assets, and liquid assets. Liquid assets are those that can be quickly turned into cash without losing much value, if any […]

What Is the Difference Between Home Laundry and Laundromat Prices

A woman doing pulling laundry out of the dryer.

It’s said that death and taxes are the only certainties in life, but arguably there’s at least one more: laundry. Everyone needs clean clothing at some point, and there’s usually no getting around tackling at least a few loads of wash per week, even when you only have to do laundry for yourself. The good […]

Top 18 Highest-Paying Non-Medical Jobs

A job seeker holds a section of a newspaper titled "jobs."

It’s no secret that medical professionals, more specifically doctors, typically make an above-average income. However, behind the income is many years of schooling, student loan debt, and even stress. While you’re left wondering if being a doctor is worth the cons, keep in mind that there are plenty of other non-medical careers that offer six-figure […]

What Is Crowdfunding and How Does It Work For Medical Expenses?

A man sitting at a table while reading a tablet that reads "crowdfunding" on the screen.

It’s becoming increasingly common for Americans to go into debt over medical expenses. This could be due to the rising cost of healthcare. The U.S. Centers for Medicare and Medicaid Services (CMS) reports that on average, the amount that Americans spend on healthcare will rise by 5.5% each year from 2017 to 2026. These rising costs […]

How Do I Balance a Checkbook? A How-To Guide For Balancing a Checkbook

A checkbook sits along some cash and a calculator balanced with the words "mortgage," "supermarket (food)," electricity," and "real estate tax."

It’s important to know how to balance a checkbook and to complete this task on a regular basis. While many are guilty of not balancing their checkbooks, failing to accurately record the amount of money currently available in your accounts can get you into financial trouble. If you make one small error while balancing your […]