Savings
Learn how to be frugle and save up money
Offers unrestricted access to money with low or no monthly fees. Money is transacted through online transfers, automated teller machines (ATMs), debit card purchases or by writing personal checks. A checking account pays lower interest rates than other bank accounts.
Pays interest on cash not needed for daily expenses but available for an emergency. Deposits and withdrawals are made by phone, mail or at a bank branch or ATM. Interest rates are higher than on checking accounts. The best savings accounts can usually be found online because they'll pay a higher interest rate.
Requires a higher minimum balance, pays more interest than other bank accounts and allows few monthly withdrawals through check-writing privileges or debit card use.
limits access to cash for a certain period in exchange of a higher interest rate. Deposit terms range from three months to five years; the longer the term, the higher the interest rate. CDs have early-withdrawal penalties that can erase interest earned, so it is best to keep the money in the CD for the entire term.
Set up direct deposit with your employer in order to automatically have your paycheck in your checking account
Schedule a recurring deposit from your checking accoutn into a linked savings account
How often the deposit occurs depends largely on how often you're paid
Once automatic savings deposits become a habit, you may find you don't miss the money at all
You build up a nest egg to secure your future, and create a cushion for financial emergencies such as your car breaking down or unexpected medical expenses
Without savings, many people report experiencing a large amount of stress. Making sure you have at least 3-6 months of monthly expense makes sure you have a safety net from unemployment, illness or any other emergency
Having moeny saved make sures that you have money to purchase investments
The surplus cash quickly builds into funds you can use to invest in stocks, invest in bonds, and build a portfolio of index funds
"Paying yourself first" simply involves building up a retirement account and/or saving to buy a house
Tax-advantaged account that hold the investments you choose
Tax-free growth
Tax free withdrawal in retirement
Contribute max $6,000 a year
Can withdraw before 59.5 years without penalty
Upfront tax deduction on federal and state taxes
Tax deffered investment compunding
Taxes at you income tax rate upon withdrawal
Penalty of 10% is paid if withdrawal is made before the age of 59.5 years old
Employer-sponered retirement plan
Tax credit for employer
Asset in plan grows tax-free (tax deffered)
Many employers match employees contribution
You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
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You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
Understand to how to effectively save money for short and long term financial goals.
You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
You'll learn how to allocating resources, usually money, with the expectation of generating an income or profit
HTML / CSS / Javascript
Learning to create many static and dynamic web pages online and presented them on demo day competitions.
Python
Learned about truth table, booleans and many other data types using Python.
ReactJS
Self-learning ReactJS through online courses and currently working a financial literacy app with ReactJS.
Java
Learning about different data types and utilizing Java in many applications and self-studying for the AP Computer Science A exam.
