By William Cao. Edited by Arjun Chandrasekar. Overview The American Bankers Association (ABA), more commonly referred to as the check routing number, is needed for setting up direct deposits or ordering checks online. Every bank-related financial transaction requires the routing and account number that can be seen when initially opening your account. This article will...Read More

By Aniket Bose. Edited by Arjun Chandraeskar. Overview Bank accounts offer their consumers the guarantee of security, safety, and convenience for their money. Whether the consumer prefers to do online banking or go to a traditional bank, there are several account options for them to choose from. Each bank account has its purpose and can...Read More

By Hrishikesh Menon. Edited by Arjun Chandrasekar. Overview A cheque, or check, is a financial instrument given by the bank to an account holder with which the said account holder may pay another person by issuing a cheque for the required amount to the other person. This article will cover a brief history of the...Read More

By Taylor Nunley. Edited by Arjun Chandrasekar.  Introduction The Great Depression devastated America in the early 1930s. The Stock Market Crash of 1929 caused panic in a country that was only starting to dip its toes into credit. Thousands found themselves unemployed, homeless, and quickly losing hope in an economy that didn’t seem to be...Read More

By Taylor Nunley. Edited by Arjun Chandrasekar. Overview It can be hard to keep track of all the different transactions made with an account. Thankfully, monthly statements exist to help in an easy, accessible way. Sometimes called a billing or periodic statement, these financial records are delivered monthly to patrons and summarize their account’s standings....Read More

By Michael Feng. Edited by Arjun Chandrasekar. Overview All transactions are based on the assumption of one thing: trust. When buying something off Amazon, you’re trusting the seller to deliver the product you buy. If you don’t receive something satisfactory, Amazon has customer service that will support you. Without the trust in Amazon to get...Read More

By Michael Feng. Edited by Arjun Chandrasekar. Overview Historians believe the creation of writing was to document financial transactions and debt, dating back several centuries. So if recording financial transactions was so important that it was necessary to invent writing, we should learn to manage our finances! Today, we’ll be examining one specific aspect of...Read More

By Aniket Bose. Edited by Arjun Chandrasekar. Overview A credit score is a number that ranges from 300-850 which depicts a consumer’s creditworthiness. The higher the score, the better a borrower is viewed by potential lenders. A credit score is based on a consumer’s credit history: number of accounts, the total amount of debt, history...Read More

By Arjun Chandrasekar. Summary Personal finance can be a vast, complex topic, especially in the US where the majority of adults don’t understand how to properly budget their savings. According to the NFCC, their 2019 Consumer Financial Literacy Survey indicated that “fewer than one in five U.S. adults” feel confident about their saving habits. And...Read More