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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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Savings Calculator – NerdWallet

Savings Corner

Use this free savings calculator to understand how your money can grow over time. By Margarette Burnette   Margarette Burnette Senior Writer | Savings accounts, money market accounts, banking Margarette Burnette is a NerdWallet authority on savings, who has been writing about bank accounts since before the Great Recession.

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How to Save Up for a Car Without Breaking the Bank

Penny Pinchin' Mom

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. For example, if you want to buy a car worth $20,000, you could decide to save $1,000 a month for 20 months or $5,000 a month for four months. This ends up saving you more money.

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The Top Personal Finance Tips For Recent Graduates; From 10 different Finance Experts

Prairie Eco-Thrifter

“How we handle our money early in life can impact us in future years- for example, young adults who rely on credit may find themselves continuing this pattern throughout life and consumed with debt.” That’s right, it’s that simple.” Kimberly Foss, CFP, CPWA. Kimberly Foss is the founder and president of Empyrion Wealth Management Inc.

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Small Choices Means Big Gains When Achieving Financial Security

Prairie Eco-Thrifter

Here are some simple ideas of small choices that can mean big gains. This simple scenario shows that small things can build to significant gains. Save With Each Paycheck Promise yourself that you will save something out of every paycheck. See how simple finances are when you have that budget…….and and follow it?

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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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10 Savvy Ways to Save in the New Year

Saving Cents With Sense

I have 10 savvy ways to save in the new year, but before you become overwhelmed with the idea, read through these simple and easy tips. Before you know it, you will be saving more in 2015 and become a savvy shopper! 10 Savvy Ways to Save in the New Year. Pay yourself first with a savings account.