But do you understand what this means for your wallet and how the actions you take could save or cost you?
Consumers will say everybody keeps telling them to save and save more, but the language of money and saving can be confusing, says Cheslyn Jacobs, chief commercial officer at TymeBank.
We asked him to explain the key terms of saving to help consumers understand what the numbers mean:
What are interest rates?
An interest rate is a percentage charged or paid on the total amount you borrow or save, Jacobs says.
Bu hikaye The Citizen dergisinin September 16, 2024 sayısından alınmıştır.
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Bu hikaye The Citizen dergisinin September 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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