personal finance tips
Money and you
Black Friday tips: how to shop smart and stay financially safe
Black Friday, one of the most eventful days of November for many folks, is coming. It is a truly special occasion for many: many retailers try to sell the remnants of goods, while people buy products for a decent price and stock up for Christmas. While it sounds like a great time for retailers and clients, some of the more worrisome aspects of Black Friday shopping can get overlooked. Mainly due to overconsumption, uncontrolled spending, and security threats. Our team gathered some expert tips to go through Black Friday and Cyber Monday stress-free. Read on to be ready for your
Money and you
Gross salary meaning: differentiating between gross pay and net pay
Managing a business is not only about producing products and making a profit. Mutual respect and trust between employers and their staff are crucial to the company’s success. That’s why a business owner and their salaried employees need to understand the concepts of gross salary (gross pay) and what it consists of. In this article, you will learn more about gross pay and how it differs from net pay. What is a gross salary? Also known as gross pay, gross salary is the term that describes the individual’s total earnings (based on hourly rate, monthly salary, etc.) before any expenses
Money and you
Cryptocurrencies: how they work and their benefits
Cryptocurrency: the basics When you think about money, your first association will likely be physical cash or bank cards. However, times are changing, and more types of payment methods are emerging for people’s convenience. One of the newest additions to the trend is cryptocurrencies — funds that only exist in digital form and operate on decentralized networks. Unlike more traditional payment options, cryptocurrencies are considered more private, as they are generally not regulated by traditional financial institutions. In most cases, they operate based on blockchain technology, like the famous Bitcoin. Cryptocurrencies are stored in digital wallets, the ownership of which
Money and you
Valentine’s Day 2024: are you ready? Things to consider
Here’s your friendly reminder – Valentine’s Day 2024 is upon us! And, in many cases, it can bring a bit of chaos into your life. Yes, you know exactly what we mean: a search for presents, coming up with exciting ideas, planning, etc. The preparation one needs to undergo for this holiday can somewhat ruin the mood. But here’s an important question you need to ask yourself: do I need to stress about Valentine’s Day that much? Well, let the Genome‘s team help you determine that! Let’s go through the main things you need to consider before the celebration so
Money and you
What is digital banking: types and services it offers
The concept of banking is extremely broad nowadays, encompassing multiple types of financial institutions and various services for individuals, companies, and merchants. And digital banking has become a big part of it, as the industry has been undergoing significant transformation. Thus, diving into the digital banking topic is important, and that’s what Genome’s team is doing today! Find out more about digital banking services and how to start using them in this article. We also explain the difference between online, mobile, and digital banking. Digital banking: meaning of the term The name of the term “digital banking” says it all.
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What is an ATM? Understanding automated teller machines
The article was updated on 28.11.2024 ATMs are so common among banking services nowadays that most people likely take them for granted. However, if, by some unexplained mystery, all ATMs disappear from the planet tomorrow – you will definitely notice. They are an integral part of essential banking tools and people’s day-to-day errands. But what is an ATM exactly? Have you ever wondered how ATMs work and which services they provide? Well, Genome is here to answer your questions! Learn more about them in this article. What is an automated teller machine (ATM)? The automated teller machine (ATM) is a
Money and you
The 5 features of a bank account that define a great online banking experience
So many banks and financial institutions choose the online route for their services. And for a good reason! After all, it is a more straightforward way of delivering their product to clients. But what are the most crucial features of internet banking? Today, Genome will help you figure it out! Find out which features can really make your financial operations trouble-free. Must-have bank features and services for online banking clients The complete accessibility of features of digital banking It seems like a strange requirement at first. But, to be honest, not all financial institutions that promote their digital solutions commit
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Bank statement: why do you need this financial instrument?
Banking encapsulates many services: money transfers, debit cards, merchant accounts, etc. At least, this is what most people first think about. But there’s more to banking, as clients sometimes overlook small but still essential features. For instance, bank statements. In today’s article, Genome explains what a bank statement is, how to get a bank statement, and how people can effectively use it to improve their banking experience. Bank statement: what does it refer to? A bank statement is a document that lists all the transactions and details about them that occurred inside a bank account during a certain period. Usually,
Money and you
Types of e-banking: everything you need to know
Different types of e-banking (electronic banking) have changed the way we manage financial obligations. They work by streamlining financial transactions and giving easier access. Given the increasing importance of the digital economy, e-banking has become a huge part of our lives. There are several different ways this can be carried out. These include internet banking using online platforms and mobile banking on apps. These different ways of accessing virtual banking services have led to a diverse e-banking industry. It’s now possible to manage your money in a way that suits you perfectly. Internet banking (online banking) Internet banking services started