The Cost-Benefit Analysis of Becoming an Influencer
To anyone on social media, it may seem like social media influencers live the ultimate life. All they have to do is go about their normal lives and post a few pictures, and suddenly they will be bombarded with corporate sponsorships. The thought of making a living by posting your day on social media seems…
This is what you should know about transferring money in 2020
The finance industry has changed a lot over recent years. What used to be the golden standard of making payments is quickly becoming obsolete. Gone are the days of checkbooks, cash, and loose change. Now, anyone can send money to practically anywhere in the world with the quick tap of a few buttons. Thanks to…
Is My Money Safe in the Bank?
The recent economic downturns have many of us asking ourselves questions: how do we know our money is safe in the bank? In past times of economic troubles, such as the Great Depression, it wasn’t uncommon for banks to experience what’s known as a “bank run”: when a large number of customers withdraw their cash…
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What is the Difference between a CD and a Money Market Account?
What is a Certificate of Deposit (CD)? A certificate of deposit (CD) is a low-risk, timed deposit account, meaning that you deposit money into it and you cannot touch it until a certain date. CDs have a minimum investment requirement – which varies by institution – and pay a fixed or variable rate of interest…
What is a Money Market Account?
Getting a firm grasp of your personal finances is a task that can be very daunting, but is worthwhile in the long run. To better help others understand the various options available to them, here at Main St. Finance we have written up some handy guides to help explain various financial topics. Today’s entry will…
Money Market Account vs. Savings Account
Have you ever been told, “Make sure you have something for a rainy day.”? At some point or another, it is a great idea to open a savings account because you truly do need extra money for any unforeseen expenses that might occur. This need makes savings accounts extremely important to our everyday finances. However,…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
