What is Compounding Interest?

Compounding Interest

Compounding interest is a simple, yet powerful concept that can have a positive effect on your savings and investments but a negative effect on your loans. The Balance defines compound interest as “interest earned on money that was previously earned as interest.” It all starts with the concept of simple interest and involves some key […]

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Navigating Retirement Planning Tools

Odd Cents - Navigating Retirement Planning Tools - Foodica

The best way to plan for retirement is to start now. Planning ahead using the right retirement planning tools will ensure that you are prepared for the future. Figuring out a suitable retirement plan includes assessing your future needs based on current or expected factors such as marital status, dependents, mortgages and loans, lifestyle and […]

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Teaching Children About Personal Finance

Odd Cents - Teaching Children About Personal Finance - Foodica

I’m in full agreement with teaching children about personal finance. Financial responsibility does not begin when you make a few mistakes and then decide to correct them. It begins when you have a clear understanding about the consequences of your actions and you are knowledgeable about the choices that you have. And the best way […]

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