Secrets to Success in Money Management

A survey done by moneyTree.com and Young Entrepreneurs show that:
Every 6 kids that leave high school:
- 1/6 declare bankrupt
- 2/6 divorced due to financial incompatibility
- 1/2 fail to save for retirement
- 2/3 occur ongoing debt and finance changes

"A penny saved is a penny earned." -- Benjamin Franklin. Saving is no doubt important. But the problem is -- how well are you doing in it? How much should you save per month? How do you ensure you have enough funds to last you a lifetime? What is compound interest and how does interest relate to inflation?

This section will give you the answers to the above questions. The section will also help you learn more about what to look out when you are saving.

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Articles

Saving - Saving sounds simple and straightforward, but it is not. This article will tell you about how precisely to start off saving.

Interest - When you save in a bank, it is essential you know about interest and the theory behind it. This article includes: Time Value of Money, Interest and Simple Interest.

Compound Interest - When you save in a bank and loan money, it is essential you know about interest. This article will also include exmaples on how compound interest is applied and the theory behind it.

Inflation - The recent hike in inflation gave the world economy a pinch and large households would naturally feel the burden of trying to keep up the inflation. Here we would like to illustrate the concept behind inflation and apply simple tips and tricks of saving and spending during an inflation.

The Interest-Inflation relationship - Interest and inflation are terms you need to know while you save. This article will tell you why. There are also certain relationships between these two concepts. This article will also present to you the conecpt on real interest rates. Find out more about the above information in this section!

Banking - This article includes: introduction to banking, the benefits of banking, what are the categories in banking and how to go about doing it.

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