The first thing to consider with all personal finance is the idea of compound interest! This is what separates the “Piggy Bank” savers from the Warren Buffets; making use of interest compounding is how you can really make your savings grow!
If you have already used our Investment Return Calculator, you can use this calculator to see how different types of compounding will affect your overall return!
Once you can really see the impact of interest compounding and growth, try out our Credit Card Payments Calculator to see what happens when you are paying interest, not earning it!
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[…] you have already used our Compound Interest Calculator, try using the same interest rate you hoped to save at as the same amount your credit card company […]