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The Power of Compound Interest

One of the most basic economic concepts that affects personal financial decisions is compound interest, the idea that savings and investments grow based not only on contributions but is enhanced by interest earned on contributions and previous interest. Conversely, compound interest hurts borrowers, especially on high interest loans like credit cards. Get informed with this…

The least dirty shirt in the laundry: Negative bond yields

 Well, we aren’t there yet (negative interest rates) but anyone with a savings account or looking a bond yields lately (or listening to Federal Reserve Bank Chair Jerome Powell) knows that rates are falling fast.  Many European countries are issuing bonds with NEGATIVE interest rates, meaning that the investor pays the bond issuer a fee…

Zero-interest credit card offers are scarce

With the increase in unemployment due to the coronavirus, credit card issuers are cutting back on no-interest card offers. If you are looking for a way to transfer credit card debt to another card at zero or low interest (and are eligible), you need to consider the transfer fee. Most offers charge a fee of…