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:
A Simple Demonstration of the Power of Compound Interest
Thursday, February 23, 2023
Laddering 101: Maximize Returns With Certificate Accounts
Friday, February 03, 2023
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.
Saving Money this Holiday Season
Wednesday, December 08, 2021
"♫ ♫ Fa-la-la-la-laaaa-la-laaa-laaa ♫ ♫"
'Tis the season to be jolly...even if you can't carry a tune. But, when you don't have enough cash to pay for holiday expenses, it may not be as easy to enjoy the season. Don't worry - you can still participate in all the yuletide fun, even on a tight budget.
Here are some clever ways to join in on all the merry-making festivities, even if you sound "pitchy".
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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