What is the Rule of 72? The Rule of 72 is a simple financial calculation used to estimate how long it will take to double an investment based on a fixed annual interest rate. The rule states that you can divide the number 72 by the annual interest rate to get an estimate of the […]
What is Student Debt? Student debt refers to money that a student borrows to pay for their education and related expenses. This debt typically comes in the form of student loans, which can be obtained from various sources such as the government, private lenders, or the school itself. The amount of student debt a person […]
Debt reduction is something that can be beneficial for a wide range of people, especially those who are struggling to manage their debt or are looking to improve their financial situation. Here are some examples of people who may benefit from debt reduction: Pros of Debt Reduction: Cons of Debt Reduction: The benefits of debt […]
Ever wondered how credit card debt can affect your credit score? The amount of credit available to you and repayment history are some of the factors that determine your credit score. In this blog, we’ll tell you all about credit card debt and its impact on your credit score, so you can better manage your […]