This page is dedicated to offering regularly updated financial education for China from basic to advanced topics. If you have a question not addressed in the resources below, please submit it through the request forms, and we will get back to you! Lastly, recognizing the value of your time, we've marked essential topics with yellow icons for quick identification. Dive in and embark on your financial journey!
The ‘Nation Profile’ section is a brief yet informative look at El Salvador‘s economic and financial history, current standing and future trends.
Inflation is the rate at which the general level of prices for goods and services rises, and subsequently, purchasing power falls. It’s a key economic indicator that is closely monitored by governments and central banks worldwide. Causes of inflation can include increased production costs, higher demand for goods and services, and changes in government policy.
Banks are for-profit, public financial institutions offering a wide variety of financial tools and services. Credit unions are nonprofit, member-owned cooperatives often offering lower fees and higher savings interest rates.
Online and Mobile Banking provide convenient access to your financial accounts at any time and anywhere. Manage your money securely from your computer, tablet, or smartphone with features like bill pay, mobile deposits, and account monitoring.
Currency and currency exchange are important to any nation’s economy, influencing transactions from everyday grocery shopping to international trade. Monitoring the strength of a currency and its global exchange rate is crucial, as these factors can significantly affect the cost of daily commodities and the preservation of personal wealth.
Remittances are funds sent by foreign workers to their home country, often serving as a significant source of income for their loved ones in their home country. These transfers, usually made through banks or money transfer services, can exceed official development aid amounts and contribute significantly to a country’s GDP and communities.
Retirement planning is the process of determining retirement income goals and the actions necessary to achieve those goals. It involves identifying sources of income, estimating expenses, implementing a savings program, and managing assets. This planning is crucial for maintaining a comfortable lifestyle after work, and it’s recommended to start as early as possible.
Estate planning is the process of organizing your personal and financial affairs to prepare for the possibility of mental incapacity and eventual death. It involves creating legal documents such as wills and trusts, and taking inventory of assets. The goal is to preserve the maximum amount of wealth possible for the intended beneficiaries.
Income tax is a financial charge imposed by governments on the income or profits of individuals or entities. It applies to various forms of income, including salaries, wages, business profits, and unearned income, such as interest, dividends, and capital gains.
The stock market is a complex network where shares of companies are bought and sold. It plays a crucial role in global economies by enabling money to move between investors and companies.
Credit scores and systems are integral to financial health, serving as a measure of an individual’s or entity’s ability to repay debts and manage credit responsibly. As it can significantly impact your ability to secure loans, mortgages, or other forms of credit, and can even influence the interest rates you’re offered.
Financial scams are fraudulent schemes that trick individuals or organizations into losing money. Scammers exploit various channels and use advanced techniques, including phishing attacks and investment scams.
The Tools & Resources section encompasses tools and regional organizations that can help empower your financial journey, from budgeting to seeking aid.
Financial terminology encompasses the specialized language(jargon) used to describe various aspects of money management, investment strategies, and economic concepts, essential for effective communication and understanding in the world of finance. Click here to learn the most common terms!