The returns on savings is determined by the following factors and more: The amount of money saved: the more money you save the more money you will earn in interest. How often money is saved: some accounts may provide better rates if you put in a certain amount of money over regular intervals. For how […]
How to increase the level of your savings
Savings is income not spent, it is delayed spending and a leakage from the circular flow of income. It’s the money you set aside for future use. Why do people save? People save for many reasons, mainly to be able to buy something they need, want or aspire to have or do in the future. […]
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What everyone ought to know about debt: Good debt vs bad debt
What is debt? Debt is the amount of money someone owes, that they have borrowed from both formal and informal sources, which they must pay back with interest, as compensation to the lender. “Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. […]
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