America is in a student loan debt crisis. With over $1.1 Trillion in outstanding debt (up from $200 Billion in 2002), we need to start banking on our education. In the following infographic, earn more about the Bank on Students Loan Fairness Act (proposed for July 1st of this year) and sign the petition. It is time we start valuing our education and students more than big banks.
When buying a house, the house price itself is a huge amount. On top of that, there are several fees and charges you need to be aware of and you can’t lower them. However, you should definitely consider those for your financials. iMoney Philippines has collected information about all of the fees and charges that is attributed in buying a house and a real cool tip on why you should fight for every 0.01% there is in the interest rate.
The federal income tax was instituted in July of 1861 to help the government fight the Civil War. After patriotically paying our taxes we may dread the possibility of being audited. Do not fear! In actuality the odds are pretty slim. The following infographic is chock full of information and stats related to audits such as – types of audits, number of audits performed per calendar year, and more.
According to SB Wire, “U.S. citizens have taken up to $11.38 trillion consumer debt [in 2012].” These consumer debts result from outstanding expenditures that exceed consumers’ income. There are two main types of consumer debt that stimulate economic growth: revolving debt (i.e., credit cards), and non-revolving debt (i.e., auto loans or mortgages). Americans owe a combined total of $1.944 trillion in school, auto and furniture loans, alone.
Do you know how far your pennies could go across the world? This infographic shows you how far your money could go that you’re using through their app. The results may shock you.
Till now, the making of millionaires and their journeys have been illustrated in biographies, articles and news. But today, another medium will be the added to the list. FATbit presents the “Biographic.” They have chosen the web entrepreneur and founder of two successful companies, Neil Patel. to grace the first ever biographic made. Learn everything about Neil’s life, struggles, and achievements with a pinch of humor.
This infographic by Indusnet Technologies depicts how bank customers are increasingly turning to banking the mobile way. It illustrates what activities are carried out through mobile banking, and also why the popularity of mobile banking is on the rise.
The financial divide between men and women has been a hot topic for many years. In 2013 the economic gap between men and women is still apparent, but it is reducing in some areas. Which leads to the question, “Is money management a talent with a gender?” You can find out after checking out the following infographic.
Meeting the minimum monthly payments of your credit cards is like running on a financial treadmill. Sure — we’re all guilty of it; whipping out the ole’ credit card whenever cash is tight. In the long run, however, all those card swipes do count: if a cardholder made a minimum payment of $200 each month for a $5,000 credit card balance with an 18.9% interest rate, it would take 11 years and 5 months to finally pay off! When factoring in interest, the total credit card results come with a $8,109 price tag.
While nearly 1 in 2 people on this planet have a net worth of less than $10,000, a select few are worth more than a million dollars. And an even more select group is worth a billion or more. The following infographic by Best Value Schools tracks the journey of the super wealthy.
