Interest can be charged when you borrow money or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, ...
Most people understand interest in theory—you borrow money, you pay a little extra back over time. But what gets overlooked is how that “little extra” quietly shapes your entire financial picture.
It may sound simple, but it’s a risky way to finance a big purchase Written By Written by Contributor, Buy Side Kerri Anne Renzulli is a contributor to Buy Side and finance expert on taxes, retirement ...