In this video we discuss the vocabulary used in the purchasing of a home. Understanding what the words mean, will help you understand the process and minimize the stress involved in such a major transaction. We…

In this section we will reconcile a checking account with a bank statement both by hand and using a spreadsheet. We define account number, bank statement, statement period, starting and ending balances, outstanding deposits, outstanding checks,…

In this lesson we get a basic understanding of how checking accounts work. We define words like checking account, EFT, hold, insufficient funds, overdraft protection, ATM, PIN, maintenance fee, interest, single & joint account, check register,…

In this chapter we discuss Social Security, Medicare, FICA and Social Security numbers. We learn to calculate social security tax and medicare tax from an annual salary. Hopefully you get an introduction to these two mandatory…