Tag: money

Personal finance is an important part of our lives that impacts our well-being and future. It is how we manage our money. It includes budgeting, saving, investing, and making informed financial decisions. Understanding personal finance principles will pave the way to financial freedom and security. Budgeting Budgeting is the foundation of personal finance. It involves […]

Compound interest is a powerful financial concept that can significantly impact your wealth over time. It is the interest earned on both the initial amount of money invested, known as the principal, and the accumulated interest from previous periods. The magic of compound interest lies in its ability to generate exponential growth. As interest is […]

A budget is simply a written plan which explains how every dollar you earn will be used. Each dollar is given a job. Tracking expenses is simply keeping a record of the money you spent and not necessarily in relation to the money you actually have. Many people track expenses in their head. These are […]