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We’re over all the knowledge gatekeeping. Financial literacy is crucial to stability and building wealth. Economic savvy informs your day-to-day decision making, and impacts everything – from buying a home to retirement.
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ALB Finance guarantees high quality, clear, and enjoyable reads with three key goals:
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- No Judgement
- No Jargon
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What is a 401(k)?
A 401(k) is an account used to save (and grow!) your money for retirement(1). These accounts are offered by companies to their employees to help encourage them to invest their money and plan for retirement. You may ask, Why does offering a 401(k) encourage employees to save for retirement? –a fair question! Because 401k’s are
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What is “Supply and Demand”?
First things first: What is “Supply and Demand”? “Supply” is the amount of goods (or services!) available. More stuff = More Supply. “Demand” is how badly / how many people want that good (or service). More People Who Want the Good = More Demand. People Want the Good Really Badly = More Demand. Both Supply
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What are stocks?
When you purchase a company’s stock, you purchase a teensy piece of a company. If you own a share of a company’s stock, you own a teensy weensy bit of that company. Throughout this article, you will read the word ‘Stock’ and ‘Share’ often. When you buy a company’s stock, you can purchase 1 share,
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What is a high yield savings account?
First things first: A high yield savings account (HYSA) is a ways to make a ton of money by doing nothing but moving your money to a new account. HYSAs pay a TON more in interest than your standard savings account, and the more money you keep in there, the more interest you’ll earn. If
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What is tax?
First things first: – Tax is money you have to pay to the government. They use this money for various government programs available to citizens of that country. – This article is educational, not political. I will not be sharing any political stances and cannot answer questions regarding political party tax legislation. My expertise is in
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