Currency exchanges help customers swap one type of currency for another. To be able to legally exchange money, these businesses must be licensed. Currency exchanges make a profit by charging fees and taking advantage of bid-ask spreads. Be wary of exchange shops that have very high fees or use wide bid-ask spreads — it may...
Preparing your personal finances to withstand fluctuations in the economy will ensure you are ready to handle major life events, including your first mortgage, college education and retirement. Without a diversified portfolio, changes in the global economy could affect not only your stock investments, but also access to home loans, ability to secure a credit card and even your minimum wage.
Whether you are looking for employment issues, how the recession still could impact your mortgage rates or government programs that might change your health costs, GOBankingRates details the latest financial news and shifts in the economy, so you can make the best decision on where to keep your money secure and profitable.
Great news for the economy could mean better news for your wallet, or vice versa. We give you the latest news, tips and financial guides to keep you informed and able to maintain your financial health. Here’s all you need to know about how the economy will effect the you, the United States and the world.