Basic Economics

Money Terms to Know: What Are Benchmarks?

A benchmark is just a baseline for comparison, something to measure similar things against. But are you using benchmarks properly in your financial and non-financial life?

Money Terms to Know: Risk and Return

We all know what financial risk is: the chance of losing your cash. And return is what you make on an investment. What many don't understand is the relationship between them.

Money Terms to Know: Cost-Benefit Analysis

At heart, cost-benefit analysis means creating a quantified pros and cons list for any decision -- a process that will usually yield better results than "going with your gut."