Compound interest

Compound interest

Two sisters - the power of compound interest

Kiwi Story

Jenny and Margaret are sisters, aged 28 and 30, both married with young children of similar ages. Their ...

Footloose and fancy free

Kiwi Story

Jason was a bit of a rager until he settled down at 35. He was out most nights of the week. He was ...

An early interest in compound interest

Kiwi Story

Colin gets $20 a week pocket money from his parents. He saves half, giving him $520 saved in a year. ...

Get out of debt fast

This one isn't brain surgery - the longer you have debt, the more interest you pay. It pays to get out of debt as fast as you can.

Glossary: debt
Debt is what you owe - it comes in many forms, including mortgages, personal loans, credit card balances, hire purchase agreements, loans from family.
Glossary: interest
Money paid in return for the use of money. If the bank is using your money (in a savings account) they pay you interest. If you are using the bank's money (via a loan), you pay the bank money.
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The power of compound interest

If there's any magic in saving, this is it - the power of compound interest.

Glossary: interest
Money paid in return for the use of money. If the bank is using your money (in a savings account) they pay you interest. If you are using the bank's money (via a loan), you pay the bank money.
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