http://www.personalfinanceology.com The study of Personal Finance Thu, 24 Sep 2009 23:45:25 +0000 http://backend.userland.com/rss092 en Everyone seems to say that buying a home is always better than renting. Well tell that to all the people in the states hardest hit by the subprime crisis. They now know that there are risks associated with owning a home. It isn't always a good idea to ... http://www.personalfinanceology.com/rent-vs-buying-a-home/ Savings Accounts It is always a good idea to have an emergency fund set aside for times of uncertainty. The normal recommendation is to have at least three months of expenses saved. With that being said here are a few options you have to choose from so that you can ... http://www.personalfinanceology.com/savings-accounts/ So I was taking some time catching up on current events and the top finance news stories when I began to think about the effects a firm knowledge of personal finance issues can have on the future of my generation. The reason I became an advocate for being knowledgeable ... http://www.personalfinanceology.com/the-real-importance/ Money Market Accounts The characteristics of Money Market Accounts resemble that of a savings account rather than a checking account because of their limitation on monthly transactions. The benefits of these types of accounts are their interest rates. They offer a much higher interest rate. However, along with the ... http://www.personalfinanceology.com/asset-management/ Checking accounts are usually the primary reason many people start a relationship with their banks. Usually you will find parents opening an account for their children or grandparents opening one for their grandchildren. Either way checking accounts are a popular service within the Banking Facility. Types of Checking Accounts Alongside the ... http://www.personalfinanceology.com/checking-accounts/ Another step you can take in making an informed decision on which loan or savings product you choose is to know as much as you can about the financial services you need so that you can shop around for the best deal. Alongside it being your duty to do as much ... http://www.personalfinanceology.com/apr-vs-apy/ Inflation is often watched by economists with a detailed eye due to the effects it can have on the economy. It is normal to have moderate inflation this is a sign of a growing economy however, if inflation gets out of control it can have an ugly effect on the ... http://www.personalfinanceology.com/the-effects-of-inflation-on-your-money/ Once you familiarize yourself with the business of banks and how they operate with your money the next thing you want to do is responsibly maintain your accounts. This is something I had to learn because I would always find myself spending more money than I had in my account ... http://www.personalfinanceology.com/maintaining-your-accounts/ In my last blog, I talked about online banking and it’s association with customers concerns about identity theft. Well here I will take a moment to explain to you the safety of the money in your account as it pertains to your banks stability. I know with the current economic ... http://www.personalfinanceology.com/the-safety-of-your-accounts/ Online Banks vs. Traditional Banks (Which is right for you?) Aside from the option of banking at physical financial institution you can walk into there is the option of banking online. The advantage to online banks are that, due to them not needing actual employees, or buildings or anything of that ... http://www.personalfinanceology.com/online-banks/