I am always a sucker for authoritative sites that make a good solid effort to educate the public. When the subject is personal finance and budgeting, it's a definite bonus.
Established back in 1913, I'd say the Federal Reserve Bank (FRB) qualifies as an authority on banking and economics. Here we hit up the FRB of Chicago for some tips of varied levels of complexity. All-in-all this is information that we should know, but for the most part don't.
- ABCs of Figuring Interest - Learn how interest is calculated, what the difference is between simple and compound interest, and whether repaying a loan early saves you money.
- Controlling Interest - Interest rate ceilings can have unintended consequences. Check out the economic theory behind the arguments for and against usury ceilings.
- Credit Guide - Learn how to use credit wisely, avoid hazards, and deal with problems if they come up.
- Electronic Money - Learn about different types of electronic payment systems and the future of electronic money.
- The Fed: Our Central Bank -
Get an overview of the Federal Reserve and how it affects you. - How to Budget & Save - Learn to manage your money better by following a few simple steps.
- Money Matters - Review the history of money.
- Points of Interest - Learn what factors determine interest rates.
- Purchase Options for Consumers - Review the advantages and disadvantages of different kinds of payments.
- Strong Dollar Weak Dollar - Explore how the U.S. dollar and foreign currencies affect each other and how their interaction affects you and the economy.
- What you should know about Internet Banking - Review information on banking options, different types of online banking, services and advantages, privacy issues, security, regulations that protect consumers, and filing a complaint against a financial institution.
Image shown is from the budget section where they share some nice worksheets and tips on allocating money and prioritizing your funds.
