Personal Finance

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Personal Finance by Mind Map: Personal Finance

1. How can I save money?

1.1. What is a savings account?

1.2. Tips and Advice!

2. How do I balance a checkbook?

2.1. How do I write a check?

2.2. Why is it important to balance my checkbook?

2.3. What happens if I overdraw?

3. Credit Cards: A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them

4. Debit Cards: A debit card (also known as a bank card or check card) is a plastic payment card card that provides the cardholder electronic access to his or her bank account(s) at a financial institution.

5. What is my credit score?

5.1. How can it hurt me?

5.2. How can I fix it?

5.3. Established credit vs. bad credit!

6. Loans: In finance, a loan is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.