Economic factors across the country and around the world can affect personal finances. They play a role in day-to-day financial planning and decision making for most people. Economics is the study of the decisions that go into making, distributing, and using goods and services. The economy consists of the ways in which people make, distribute, and use their goods and services. To understand economics and the economy, you need to be aware of the market forces, financial institutions, global influences, and economic conditions that affect global as well as personal decisions. (more…)

Today most banks and commercial services companies offer their customers banking insurances. This insurances are associated with credit cards, debit cards and checks. However, the National Consumer Service clarify that these policies serve as a complement and not to replace the responsibilities of financial institutions to make proper arrangement for the safety of their clients’ funds/money. (more…)