A spousal IRA allows contributions to be made to into an account on their spouses behalf. They were created to allow stay at home parents to put away money for retirement even if they don’t earn any income. Normally you’re allowed to contribute $5,000 or 100% of your income to your IRA. However if you’re…
I often talk about banks using ACH transfers so I thought I’d write a post about what an ACH transfer is for those that don’t know. ACH is short for Automated Clearing House which is an electronic network that handles a lot of financial transactions in the US. ACH transfers are very reliable and efficient…
Here’s a bank promotion available in the following states: Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Washington DC. Sovereign Bank is offering a $150 promotion for opening a new free checking account with them. This promotion will end on March 13th, 2010. To qualify you must open a Premier…
Cash control is the verification of records of ingoing and outgoing cash to a business, organization, or household. Good cash control is needed for responsible accounting. Cash isn’t just money but can include money orders, credit card receipts, and checks as well. Cash control involves coming up with a system that tracks money going in…
The definition of broad money is the assessment of a country or market’s money supply. An understanding of broad money can be very useful when determining which markets or currencies to invest in. Calculating broad money is very complex and involves ascertaining the amount of currency that is in public circulation in a given country….
Here’s a bank promotion for people living in Wisconsin, Illinois, or Minnesota. Associated Bank is offering up to $150 in free promotion money for opening a checking account. The promotion ends on April 20, 2010. To receive the bonus you must open a checking account (free and student accounts don’t qualify). You get $50 with…
Stonebridge Bank is offering a 21 month 2.30% APY and a 14 month 1.80% APY certificate of deposit with a minimum deposit of just $500. These are also available as IRA CD rates. This offer is available nationally and there’s an online application. Interest is compounded daily and the early withdrawal penalty is 180 days’…
Accounting careers are great for those that are good at math and are very analytical. There are several different types of accounting careers including tax accountants, auditors, actuaries, and budget analysts. If you’re planning an accounting career then you should plan on working with numbers a lot, working in front of a computer, and going…
Unearned income is making money that isn’t the result of a wage, salary, or tip. Deposits for work that is to be done is also considered to be unearned income. For example a deposit to begin construction on a building is unearned income. After the job is completed and the contractor is paid the deposit…
In order to get the best banking services you need to decide what aspects of banking you find most important. You should consider bank hours, branch locations, interest rates, banking fees, and many other factors when selecting the best bank. Once you prioritize your list you can then compare the banks on each of factors…