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What is the Rule of 72?
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The Rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at a 9 percent interest, divide 72 by 9 and get 8 years.
Is It Better to Buy or Rent?
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The New York Times’ “Is It Better to Rent or Buy?” calculator compares the cost of renting versus buying an equivalent sized home to determine in the long haul which is a more money-wise move. Give it your monthly rent, the projected price of buying a home (including down payment, mortgage rate, and property taxes), and it'll determine an estimated number of years it would take for buying to be better or worse than renting. Read more »
Use cash and pay your credit card biweekly
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If you feel like you are stuck in a neverending cycle of not having enough money, falling further and further behind on your credit card and other bills, and just plain cannot seem to properly manage your finances, then these 2 suggestions might be your best answer...
One way to save money and reduce debt is to cut back on the use of your credit card(s) and make payments every other week, rather than every month.
One way to save money and reduce debt is to cut back on the use of your credit card(s) and make payments every other week, rather than every month.
Answers to Investing
