To deal with international transactions and financial flows, economists use the Balance of Payments framework. In this video, I'll give you an introduction to that framework and show you what the two ...

Learn why early mortgage payments are mostly interest, how amortization affects this, and strategies to reduce interest costs over your loan term.

Xiong Chang made an $18,000 payment on his remaining student-loan balance in June. But it hasn't been processed yet, and his balance has grown due to interest. He's been unable to get a clear answer ...

That little number at the bottom of your credit card statement — the minimum payment due — has a way of looking deceptively affordable. For example, if you're staring down a $10,000 balance that you ...