Explaining the power of compound interest - West Community Credit Union



It pays to start saving now! Simple interest is calculated using your initial investment only. With compound interest, the interest you earn is added to your initial investment, meaning you earn interest on your interest. Whether you’re planning your first budget or re-evaluating your current budget, the ground rules listed in this video will set you up for success by changing the way you look at budgeting. It doesn’t matter if you manage your budget on your smartphone or if you prefer good ol’ pen and paper — these budgeting basics can be applied to every budgeting system. Website: http://www.westcommunitycu.org Blog: http://www.westcommunitycublog.org Facebook: http://www.facebook.com/westcommunitycu Twitter: http://www.twitter.com/westcommunitycu Pinterest: http://www.pinterest.com/westcommunitycu Tumblr: http://www.westcommunitycu.tumblr.com

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    Duration: 2m 31s

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