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Tag: compounding

52 Valuable Money and Wealth Lessons we learnt on this blog in 2023 that will completely change your life

Posted on December 31, 2023December 29, 2023 by budgetsense

We covered a lot in 2023 – from budgeting and paying down debt to forming good financial habits, addressing inflation, discovering new ways to save, and much more. With so much valuable information throughout the year, it might be a lot to digest. If you missed our posts or prefer a quick crash course, we’ve…

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Einstein called it the eights wonder of the world: Use this Financial Phenomenon to Multiply your Money in less Time

Posted on March 12, 2023March 12, 2023 by budgetsense

Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it” . If something has the backing of arguably one of the smartest people in history, you can surely trust it! Compounding is the process whereby interest is addedto an existing principal…

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