403b vs IRA Both 403b and IRA are targeted towards retirement planning. While Individual Retirement Account, or IRA, as it is generally known, is available for all to save for future, 403b, which gets its name from being listed in section 403(b) of US tax code is for specific categories of people mentioned 403(b). 403b […]
Difference Between 401k and Roth IRA
401k vs Roth IRA There is no age consideration when you are planning to take a retirement plan. Planning should be done at the early stages of the carrier but if you have overlooked it then it can be done at any stage of your carrier. A person who is planning for the retirement should […]
Difference Between 401K and Annuity
401K vs Annuity Both 401k and annuities being instruments of saving for your retirement, knowing the differences between them is important. Annuities are generally offered by life insurance companies while 401k is a retirement plan offered by an employer to his employees in U.S. Annuity refers to an agreement that you have with an insurance […]
Difference Between Bookkeeping and Accounting
Bookkeeping vs Accounting Bookkeeping and accounting are two different departments dealing with the accounts of company. Bookkeeping is the initial stage, in which we keep the record of income and expenditure, whereas in Accounting department accountants analyze the company’s financial activity and prepare reports. Both are very important for the proper management and financial success […]
Difference Between Wage and Income
Wage vs Income The two words ‘wage’ and ‘income’ might look similar with no difference at all whatsoever, but strictly speaking there is difference between the two words. The word ‘wage’ is often used in the plural as ‘wages’ whereas the word ‘income’ is a collective noun and the form ‘incomes’ is used sparingly. It […]
Difference Between Need and Want
Need vs Want Although it is true that need and want are two terms used in describing any economic situation, there are differences between the two. The two terms are often used in expressions that convey the sense of acquiring things. This is the reason they are confused as interchangeable. Simply a need can […]
Difference Between Prepaid and Postpaid Plans
Prepaid vs Postpaid Plans The Prepaid name itself is self explanatory. Basically this is a payment method for any service which you pay in advance before using it. Where as in post-paid you pay for the service after using it. The services could be anything but mostly Mobile, broadband, TV subscription, calling cards (mostly prepaid […]
Difference Between Rate and APR
Rate vs APR Loans are part of our everyday life; we all take loans for our houses, cars and business. It is important to know the difference between Rate and Annual Percentage Rate or APR, because they play a very important role in deciding terms and conditions of your loan. Rate and APR determine your […]
Difference Between PayPal and Western Union
PayPal vs Western Union Western union, PayPal and Alert pay are some of the many international money transfer technologies available now. These technologies help in transferring money from one part of the world to different parts of the world with ease and within no time. The transfer of money through these technologies has various advantages […]
Difference Between Livingsocial and Groupon
Livingsocial vs Groupon *LivingSocial and Groupon, both are the deal of the day websites, they differ in the way they market themselves. The internet has added some new dimensions to the ways in which all businesses are being conducted. Now we can see that online businesses are developing new ways, to augment their products and […]