Albert Einstein famously said that compound interest is the 8th wonder of the world, but its power is difficult to grasp. So, to give a simple visual demonstration, I'll double the amount of "c"s each time one is used in just three short sentences below. Imagine that each "c" is one cent deposited in a compounding savings account:
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Laddering your certificates is an attractive investment strategy for new and seasoned investors looking to diversify their portfolios. With laddering, you will be able to decide how you want to split up your investments and whether to reinvest each time a certificate matures. By opening multiple certificates with staggered maturity dates, you have the potential to earn better returns while keeping your money safe.
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Here are some clever ways to join in on all the merry-making festivities, so you can enjoy the season while saving money.
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Personal finance isn't your favorite subject. We understand. Talking dollars and cents can be confusing and stressful. As a result, you may be among the 65% of Americans who have no idea how much they spent last month. But ignorance isn't bliss, especially with your money. Here are five things you should know about personal finance to make sure you make the most of every hard-earned dollar.
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Of mankind's greatest achievements, a select few were so magnificent the Ancient Greeks labeled them as “Wonders of the World.” The original list dates as far back as the 5th Century B.C. Today, many historians believe that list served as a guidebook for ancient tourists traveling to see the revered sites. Since the first iteration of this list, its evolution has resulted in a concept that many of us are familiar with today – “The Seven Wonders of the World.”
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For starters, Logix is a not-for-profit cooperative, so earnings are returned to members through better rates, lower fees, improved services, and increased reserves to maintain unmatched financial strength. We really do want to earn your business! Please read on to learn more about how we set rates for some of our most popular accounts.
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In these unusual times, terms such as “social distancing,” “self-quarantine” and “distance learning” have worked their way into our everyday language. Some of us might have more time available, nowhere to go and limited resources. Before you start to go stir crazy, we’ve gathered a few tips on how to save a little money while enjoying some fun, budget-friendly activities.
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When we are children, it’s one of the most common questions we are asked: what do we want to be when we grow up? But as we age, the bigger emphasis switches from far distance goals to the immediate future: what college do you want
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Once again, it’s a new year. As we all begin to ponder on our new year’s resolutions and how to actually stick to it this year, I thought I would offer some advice before it’s too late. If your New Year’s resolution is like mine,
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Here are 5 ways of teaching children good savings and spending habits.
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