Updated: January 26, 2009
I’d like to share with you today a short but very informative video I found entitled, Saving Money in Plain English.
This video gives emphasis to be being responsible with our money and the importance of having a saving plan. It also explains the role of banks, credit unions and compound interest in helping our money grow.
If you’re a regular reader here, you may already be familiar with the power of compound interest. Nevertheless, I suggest you still watch this presentation because it is likewise creative and entertaining.
Let’s watch Saving Money in Plain English:
I would like to acknowledge Common Craft for creating this great video. Visit their website and see more presentations like this about other topics. 🙂
So let me repeat what Lee LeFever said towards the end of the video:
If you’re ready to save responsibly, visit a bank or credit union and talk with a financial professional about APYs and savings.
The keys to smart saving are to start today, add money regularly, and watch how compound interest can help your money grow and grow.
What’s the most important key to saving money?
Not tomorrow, not next week, but TODAY. So choose and visit a bank now and open that personal savings account.
Have you ever wondered how long it will take for you to become a millionaire just by saving money in the bank? Here’s a simple calculator that can help you find out:
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