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Compound Interest: What It Is, Formula, Examples

Savings Corner

When it comes to calculating interest, there are two basic choices: simple and compound. Simple interest simply means a set percentage of the principal amount every year. For example, if you invest $1,000 at 5% simple interest for 10 years, you can expect to receive $50 in interest every year for the next decade.

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How to Save Up for a Car Without Breaking the Bank

Penny Pinchin' Mom

Needless to say, a vast majority of Americans don’t own luxury vehicles, but that’s not to say that these people own broken-down used cars. How much of that do you have saved up as we speak? The simple truth is that not many people have enough money saved up to buy a car. This ends up saving you more money.

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Savings Calculator – NerdWallet

Savings Corner

Our partners cannot pay us to guarantee favorable reviews of their products or services. Use this free savings calculator to understand how your money can grow over time. Use the free savings calculator below to understand how your money can grow over time. How much should I save each month? NerdWallet, Inc.

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How to Manage Your Personal Loan

Savings Corner

NerdWallet recommends the simple 50/30/20 budgeting plan , in which you spend 50% of your earnings on necessities, no more than 30% on things you want and 20% on debt repayment and savings. For some people, it’s just easier to see large payments come out of an account they don’t also use to buy groceries.

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Improving the Financial $ense of Your Child

Prairie Eco-Thrifter

Here are 3 simple ways to increase your child’s financial IQ. For example, you could shift the responsibility of paying the cell phone bill to your child. This way they learn to effectively manage their money by paying their bills first and then using the remaining portion on personal items and entertainment expenses.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

This will help you save money, especially when you take a look at the prices of food today. Now that you know how to save, let’s take a look at how to put the savings away. Save Those Pennies. Then, roll the change, take it to your local bank and deposit the change in your savings account.

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10 Savvy Ways to Save in 2014

Saving Cents With Sense

I have many ways for you to start saving, including couponing, but before you become overwhelmed with the idea, here are 10 tips that are simple, easy and will make you one savvy shopper in 2014, so you can start saving more. 10 Savvy Ways to Save in 2014. Pay yourself first with a savings account.

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