I need some help, and please don't laugh at me, I am just pretty cluelesss about financial stuff:confuzzle. I dont' really understand what a money market account is and how it differs from any others:nutts. I don't know any of this stuff! The only thing I do know is that df and I need 3 accounts, our checking account, our savings account and one for emergencies. Other than that, I am really pretty clueless, so please, explain what you know and share hints and tips, mistakes you made and how to avoid making mistakes. Thanks girls!

Who do you bank with? I only ask because many banks offer financial advisor services (where they can explain each type of account/investment and how each would relate to your personal financial situation).

A money market is like another savings account but earns higher dividends/interest. You usually have to keep a minimum balance in order to earn the interest. And there is usually only 3 withdrawals per month before getting a fee. The good thing is it is liquid though, which means that if you do need to take it out you can.

msn money has great articles. i learned a lot from them.

Suzie orman is wonderful! Her show comes on tv all of the time and she has books too.

Who are you banking with?