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Debt

  • Annual Percentage Rate (APR) and Effective APR
  • How to calculate the effective APR from a stated APR, and the difference between the two.

  • Renting vs. Buying a Home
  • How to make an apples-to-apples comparison of the costs of renting a home versus buying a home.

  • Mortgage Interest Rates
  • Different types of mortgages explained (such as fixed and adjustable rate), along with the relationship of principal and interest in a standard mortgage payment.

  • Home Equity Loans
  • How to use equity in a home to create cash via a home equity loan

  • The Discount Rate
  • The basics of the Fed funds rate and the discount rate from the Federal Reserve Bank.

  • Personal Bankruptcy: Chapters 7 and 13
  • How personal bankruptcy works, and the differences between Chapter 7 (straight bankruptcy) and Chapter 13 (reorganization) and their consequences.

  • Payday Loans
  • How payday loans work and the very high price borrowers pay who use these loans.