By Gregory Hamel
Money is said to have a time value, meaning that a given amount of money at a certain point in time is worth a different amount than it would be at a later point in time. The idea is that money you have today can be invested or put in an interest-bearing account. The amount of money will increase over time. The time value of money is a very important concept that is used heavily in business; for...
By Victoria Ries
Upon the advent of 9/11 and the introduction of the Patriot Act, opening a bank account isn't quite as easy as it was before. Positive forms of identification are now needed in order to satisfy federal and state requirements. There are no exceptions to the rule. Documents required to open business and checking accounts may differ slightly bank-to-bank. A legible birth certificate and proof...
By Lashon Fryer
Most consumers have too many credit cards. Too much of a good thing can be bad, especially when it comes to lines of credit. When a consumer realizes her credit cards are busting her wallet at the seams, she may think it's a good idea to cancel some of the cards. However, the result may cause her to lose weight in more than just her wallet. She may also decrease the weight of her FICO score. ...