Lessons Complete! Congratulations, you have finished all the lessons in the Financial Life Simulation! We hope you have enjoyed using the Financial Life Simulation Tool. If you any have questions about a particular bank product or service, be sure to do your research and make informed choices. Bank of America and Northeastern University are not recommending or endorsing any specific product or service to the users … Continue reading BOA – Lessons Complete! Non-Profit »

Documents you need to do your taxes Taxpayers spend 12 hours on average preparing their tax returns, according to IRS estimates. Yet, you can save time, cut back on stress and have an overall easier experience by gathering the documents you’ll need before it’s time to dive in. Check out this infographic, then return here to answer a quiz question to continue!

This way to a home of your own If it’s your first time buying a home, this guide shows the steps for making one of the most important purchases of your life Read this short lesson, then return here to answer a quiz question to continue!

Buying a home within your comfort zone Before you go hunting for a home, it’s important to calculate a comfortable mortgage payment Read this short lesson, then return here to answer a quiz question to continue!

9 questions to ask mortgage lenders Knowing what to ask could save you money in the long run. Read this short lesson and return here for a quiz question to continue!

The pros and cons of buying vs. renting a home Wondering if you should rent or buy? Understanding all the costs that go into renting or buying a home will set you up to make the right decisions for you. Watch this video, then return here to answer a quiz question to continue!

Delaying student loan repayment with deferment or forbearance If you’re in a situation where you simply don’t have the income to repay a loan, you may be able to put off the repayments until things change. Watch this video to learn more, then return here to answer a quiz question to continue!

Shopping for a car? 3 questions that need answers When you need a new car, the decisions you make on three important issues will help determine your monthly payments and how much you pay for the car overall.  Read this short lesson, then return here to answer a quiz question to continue! Tip: Check Question 2 for a breakdown!

Comparing the cost of new and used cars Choosing between buying a new or used car may not be as simple as it seems. Find out what matters beyond simple sticker price. Watch this video, then return here for a quiz question to continue!

New job? Make the most of your employee benefits HS New jobs bring new names, faces and responsibilities. In the rush of acclimating to the work environment, you might overlook details like direct deposit forms, insurance coverage and retirement plans. But it’s important to make the most of all your new job’s benefits—from Flexible Spending Accounts to tuition reimbursement programs to 401(k) plans. To help … Continue reading BOA – Employee Benefits Non-Profit »

What is a balance transfer and how does it work? A balance transfer moves a balance from a credit card or loan to another credit card. Transferring balances with a higher annual percentage rate (APR) to a card with a lower APR can save you money on the interest you’ll pay. Read this short lesson, then return here to answer a quiz question to continue!

How many credit cards should you have? These days, having multiple credit cards is common—but is it a good idea?  Read this short lesson, then return here to answer a quiz question to continue!

What is APR? You may have seen the term APR, or annual percentage rate, used in reference to everything from mortgages and auto loans to credit cards. Understanding how banks calculate APRs and how they work can help you make more informed credit card decisions. Read this short lesson, then return here to answer a quiz question to continue!

4 strategies to pay off credit card debt faster If you carry credit card balances month to month, paying off that debt fast might be easier than you think. The key is developing a good plan and sticking to it. These four strategies can help you decide which course to take to quickly pay off any credit card debt. Read this short lesson, then return … Continue reading BOA – 4 strategies to pay off credit card debt faster Non-Profit »

What is a credit score and how is it calculated? Your credit score affects many areas of your financial life, from getting approved for a credit card to the interest rate you’ll pay on your mortgage. It’s important to understand the number and how it is calculated so you can set yourself up for financial success. Read this short lesson, then return here to answer … Continue reading BOA – What is a credit score and how is it calculated? Non-Profit »

Building credit and keeping yours healthy Building good credit takes work, but it can be done. Find out five things you can do to build a healthy credit score while avoiding the pitfalls. Watch this video then return here for a quiz question to continue!

How to build credit from scratch With some solid first steps and a focus on paying your bills on time, you’ll be on your way to building a solid credit score. Watch this video and return here to answer a quiz question to continue!

Tips for planning an affordable vacation A vacation offers much-needed relaxation and fun, but if you’re not careful, your travel budget can spiral out of control. Thankfully, you can find ways to save in your vacation budget by being smart about flight and hotel discounts, meal costs and more. Check out this infographic, then return here to answer a quiz question to continue!

Debunking the myths: 7 facts about credit cards Does paying less than the minimum count as a missed payment? Should you avoid having a high credit limit? Knowing the facts can help you make smart choices. Read this short lesson, then return here to answer a quiz question to continue!

Pay down debt or save? 5 questions to help you decide You probably know that carrying too much debt for too long isn’t good for your finances. And you may also know that you should have money put away for emergencies and other important goals. So how do you decide what’s more important—paying down debt or building up your savings? Read this short lesson, then … Continue reading BOA – Pay down debt or save? 5 questions to help you decide Non-Profit »

10 online and mobile security tips We’re living our lives online—from banking to shopping to posting on social media—and proper internet security is more important than ever. While it may seem obvious, safeguarding your information can be as simple as consistently reviewing your bank accounts and reporting any suspicious activity. But there are other things you also can do to stay safer online. Read this … Continue reading BOA – 10 online and mobile security tips Non-Profit »

Emergency cash: What are your options? When financial difficulties arise, you may need money fast. If you don’t have an emergency fund or other savings to tap into, you may feel as if there are no good options. By carefully weighing your choices, you can make sure you secure the best possible terms for your situation, with the least risk. Read this short lesson, then return here … Continue reading BOA – Emergency cash: What are your options? Non-Profit »

8 simple ways to save money Sometimes the hardest thing about saving money is just getting started. This step-by-step guide can help you develop a simple and realistic strategy, so that you can save for all your short- and long-term goals. Read this short lesson, then return here to answer a quiz question to continue!

Savings account or CD: Which is right for you? Have money to set aside and save for your short- and long-term goals? Savings accounts and certificates of deposit (CDs) are two great options. Both help keep your money safe while giving you the chance to earn interest. Break them down to figure out what’s right for you. Check out this infographic and return here to … Continue reading BOA – Savings account or CD: Which is right for you? Non-Profit »

7 common bank fees explained If you’ve ever felt like your bank charged you for something and you didn’t see it coming, this list is for you. Here’s a rundown of seven of the most common fees banks charge—and tips to avoid them. Read this short lesson, then return here to answer a quiz question to continue!

Your bank account: 10 questions to ask What looks on paper like a no-fee or low-cost account may not actually be the one that’s best suited to your needs. Here are 10 questions to ask to help figure out if your account is right for you. Read this short lesson, then return here to answer a quiz question to continue! Tip: Check the 9th point … Continue reading BOA – Your bank account: 10 questions to ask Non-Profit »

8 tips for getting the most out of your checking account A checking account is probably the account you’ll use most often every day to pay bills, access cash, transfer funds and probably to deposit your paycheck. Whether you’re paying tuition at school or setting up direct deposit for your first job, knowing a few tips can help you manage your money and get the … Continue reading BOA – 8 tips for getting the most out of your checking account Non-Profit »

Credit vs. debit: What’s the difference? Credit and debit cards may look similar, but their features and uses are very different. Knowing when and how to use each can help you build a stronger credit history and keep your debt levels down. Read this short lesson, then return here to answer a quiz question to continue!

Options for people who don’t like to budget Creating a budget may seem like a daunting task, but it doesn’t have to be. Learn about the tools and techniques that can help simplify budgeting and help you reach your financial goals. After watching this short video about tips on making it easier to set a budget, then return here and answer a quiz question to … Continue reading BOA – Options for people who don’t like to budget Non-Profit »

Saving Money Every Day Saving starts with just a few simple changes to your spending. Learn how to save money on your everyday expenses, like groceries, transportation and entertainment. After watching this short video about tips on how to save every day, return here and answer a quiz question to continue! TIP: Check around the 2-minute mark of the video!

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