Most high schools don’t teach how to balance checkbooks or navigate loans, though plenty of young people wish they had more access to formal financial education.
While it would be impossible to fit an entire economics class in one article, the first step to grasping more complicated financial concepts is to learn the fundamental terminology.
Understanding basic financial terms can help you make the most informed choices about your fiscal path. Here are just some of the most frequently used terms you’ll need to know.
401(k)
A popular retirement plan offered by many employers, a 401(k) allows you to
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