One of the most, if not the most, important formula for growing wealth right here. This is the formula for determining compound interest. I say growing wealth because I’ve already given my opinion on the most important formula in personal finance. Below is the Compound Interest Definition: A= Amount P= Principal R= Interest Rate N=…
Sometimes you’re going to want things that you know you shouldn’t buy, or that you know you can’t buy. And that isn’t much fun. I know this from personal experience. But it’s a marathon, folks. You’re not going to get out of debt and be rich tomorrow. Not next week, not next month, or not…
Traditional forms of consumer lending exist at the institutional level. You visit a bank branch, apply for a car, personal, or student loan, and await the decision from the underwriters at the centralized office. This kind of lending often shuts out certain borrowers – whether or not bad credit is a factor – as financial…
UPDATED: April 6, 2021 – I’m consistently amazed at the ways people find to spend (read: waste) their hard earned dollars on a daily basis. Whether it’s spending $1.50 on a 20 oz. soda from the vending machine, going out to lunch Monday through Friday or shopping online during their downtime (the 21st-century window browsing)….
So I do (almost) all of the shopping and cooking in our house. In the spring and summer time we can save a decent amount of money by growing our veggies and some fruit; however, we also need to keep our grocery budget down when fall and winter roll around. Before we embarked on this…