Kids Guide to Credit Cards

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Compound Interest

gailcav Posted by gailcav at 11:04 AM on January 17, 2009

If you're saving money at home by hiding it under a mattress or putting it in a piggy bank, you are doing a good thing.  Saving money at the bank is a good idea.  However, your money can grow quicker because of a concept called compound interest.  Here is a video to help you understand.

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Now that you have seen this video, how much do you want to save?

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Welcome to the site!  This site was created to educate teens on the proper way of handling money and credit cards.  I hope you enjoy it.

 

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