Finance: Opening a bank account doesn't have to be difficult

Opening a bank account doesn't have to be difficult

Written by Jakob Jelling

By Jakob Jelling http://www.cashbazar.com

If you're a young person who has just begun to earn some money, it is very important that you know how to open a bank account. Once you do, you'll have taken repparttar first step in a long-term process of financial independence and growth.

A bank account is not only essential to cultivating savings, it is also important for day-to-day financial activities. Before you decide what bank or financial institution with which to do business, however, do some research. Talk to your friends and family about where they do their banking. Ask them questions about repparttar 112383 service their bank provides, and whether or not they are satisfied with it.

Next, determine exactly what type of account you want. The two most common types of accounts are a checking account, and a savings account. A savings account does just what its name implies – it allows you to deposit money in repparttar 112384 bank that will receive a small amount of interest over a period of time. A checking account is intended more for daily, weekly, and monthly transactions, such as repparttar 112385 writing of checks and repparttar 112386 withdrawal of cash for various minor purposes. For this reason, a checking account does not usually generate interest.

What goes into my rating info, how are my car insurance rates determined?

Written by A. Chris Tijerina

Your auto insurance rates are determined by a number of factors:

-driving record

-usage, how you are using repparttar vehicle, work, pleasure, business

-how many drivers you have and their ages

-how many vehicles you have

-what kind of coverage limits you want

-what area you live in

-your payment history

-what color car you drive

-your insurance credit score

-your claims history

-your occupation and how many years you have lived at your current residence

-how fast you can solve a Rubix cube

-your daily, weekly, annual mileage

There is a lot of information about you that is used to determine your rates. You are grouped or pooled together with similar drives of repparttar 112382 same background that way you are not paying for drivers that are much worse than you.

Similar risks will pay similar rates.

Your usage affects your rates because if you are driving to and from work or school 5 days a week, 15 miles one way you have a higher chance of getting in a accident than someone who only drives 1 mile 1 way 3 days a week or someone who works from home and only drives to get groceries. So business, work, and school usage is higher than pleasure usage.

The area you live in affects your rates due to repparttar 112383 fact that one area or town may have a higher incidence of claims than another area. One area may have higher lawsuit payouts or higher theft rates than another area. Even if you live in a affulent area your rates may be higher due to repparttar 112384 higher value vehicles in your area cost more to fix than in an area with lower value vehicles.

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