Magic of Compounding: Grow Your Savings

In Lost Savings Habit we discussed the prospect of younger generations ditching savings as a result of record low interest rates. According to a recent survey, a quarter of UK households would have to rely on loans or ask family and friends for help when faced with an unexpected bill. Young people may not receive adequate education about one of the most important factors they are going to have to deal with during their lives: money.  Continue reading “Magic of Compounding: Grow Your Savings”