Compound Interest Basics

Making the Most of Your Money

In case you haven’t heard, compound interest is the best.

You may remember it as an equation you had to memorize for math class, but it’s so much more than that. It’s the concept that powers all sorts of savings and investment products and, over time, allows you to turn your money into, well, more money!

Even though compound interest is easy to understand—compound interest = more money for you!—those who can potentially benefit most from it (those in their teens and 20s) don’t seem to be taking advantage of it.

By learning about compound interest, and acknowledging the big picture when it comes to your investments and lifestyle, you can start accumulating your savings and setting your future-self up for success.


Compound Interest
 

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