The 1st of September normally marks the beginning of the school year, where thousands of children will be returning back to school after the summer vacation.  However, this year, due to the threat of COVID it is still unclear how lessons will be conducted and how many students will be in a classroom. Regardless of whether the children will physically be in a classroom or they will be studying remotely, school supplies still need to be purchased.  Here are some of my financial tips on how to buy everything without breaking the bank. Ask the children to compile a list...

A QUICK QUIZ ABOUT LOANS 1. What is the prime rate today? a) 1.75% b) 2.00% c) 1.60% d) Don’t know 2. What is the maximum rate of interest that a bank can charge on a loan?  a) On a regular loan 15% b) The bank charge any interest rate that they want c) The bank can charge up to 8% on a loan d) Don’t know 3. The bank earns the most on:  a) From commission b) Commission and interest c) The banks do not make money on commission and interest since they are serving the public. d) Don’t know 4. Who pays the...