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Interest - Saving Early

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J
Jesse Hello

Savings can really add up if you add deposits and have a good interest rate.

Economy & Finance
1 of 5
WHAT IS INTEREST? Interest is money paid regularly from money that is being loaned. For example, banks pay you interest for however long they keep it there. It can grow your money exponentially with compound interest (a little bit of money added more regularly).
HOW SHOULD I GET THE MOST OUT OF INTEREST? You should try to start saving early so that you will gain more and more money in the future from just simple and compound interest. As you deposit more and more money, the money in your account will grow even faster. It will help out a lot in the long run.
HOW DO I START SAVING EARLY? Simply put money in a bank and add to it as often as you can. Soon the simple interest will add up as the account grows. You should also add more money to your deposits so you can grow your money even more. It’s that easy!! Money will be literally growing by itself!
ENDING Hopefully you learned a lot from this short presentation. You should have learned to save early so you’ll have a lot more money in the long run. Interest can really add up, and can soon grow exponentially.

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Interest - Saving Early

  • 1.
  • 2. WHAT IS INTEREST? Interest is money paid regularly from money that is being loaned. For example, banks pay you interest for however long they keep it there. It can grow your money exponentially with compound interest (a little bit of money added more regularly).
  • 3. HOW SHOULD I GET THE MOST OUT OF INTEREST? You should try to start saving early so that you will gain more and more money in the future from just simple and compound interest. As you deposit more and more money, the money in your account will grow even faster. It will help out a lot in the long run.
  • 4. HOW DO I START SAVING EARLY? Simply put money in a bank and add to it as often as you can. Soon the simple interest will add up as the account grows. You should also add more money to your deposits so you can grow your money even more. It’s that easy!! Money will be literally growing by itself!
  • 5. ENDING Hopefully you learned a lot from this short presentation. You should have learned to save early so you’ll have a lot more money in the long run. Interest can really add up, and can soon grow exponentially.