Growing Money - Compound Interest
Have you ever had to save your money in order to buy something in the future, perhaps a new bike, a video game, the latest electronic device or your college education? Has anyone ever told you “Money doesn’t grow on trees”? While it’s true that money doesn’t grow on trees, it does grow—and beginning to save some of your income now, can pay off for you in a big way as a result of compound interest.
Watch this video clip to learn about how compounding interest can benefit you.
This video clip, No Frills Money Skills - Growing Money by Compounding Interest, is provided by The St. Louis Federal Reserve System.
Have you ever had to save your money in order to buy something in the future, perhaps a new bike, a video game, the latest electronic device or your college education? Has anyone ever told you “Money doesn’t grow on trees”? While it’s true that money doesn’t grow on trees, it does grow—and beginning to save some of your income now, can pay off for you in a big way as a result of compound interest.
Watch this video clip to learn about how compounding interest can benefit you.
This video clip, No Frills Money Skills - Growing Money by Compounding Interest, is provided by The St. Louis Federal Reserve System.