3-20-19 - ● Unbanked no primary bank ● Save regularly...

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Unbanked - no primary bank Save regularly Saving regularly will help you meet all of your financial goals It is important nor just to save but to save regularly. Over time, and with compounding interest, your savings can grow into a substantial sum. There are ways to make regular saving easier, including direct deposits and enroll How does money grow? The amount of. Obey you deposit into a savings account is called the principal For the use of your money, the financial institution pays you money called interest Interest represents earnings in principal As principal and interest grow, more interest accumulates This is known as a compound interest, or interest paid on the original principal plus accumulated interest. Interest : prove that someone pays for the temporary use of someone else’s funds
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