Have you heard of compound vs. simple interest? Did you know interest applies to your student loans, your unpaid credit cards and even your savings account? Join this session to learn more.
What you'll learn:
What Interest Is.
Fixed vs. Variable rates.
How Interest Rates are Determined.
Simple vs. Compound Interest.
How Interest Relates to Credit Cards, Student Loans and Loan Repayment.
What else you'll get:
A chance to win $250 in textbook credit for attending all 5 sessions, courtesy of SFS.
Other workshops in this series:
Budgeting for an Emergency (like COVID) - April 6, 2021
FAFSA & Scholarships - April 20, 2021
Loans and Loan Repayment - May 4, 2021
What is Interest? - May 18, 2021
Strategies to Save - June 1, 2021
Speaker:
Andrea Schröer, Financial Literacy Specialist at La Sierra University, Riverside, CA
Interest Pro Tips:
About those credit cards...
If you pay your balance in full monthly, you will never have to pay interest!
Also,
If you can afford to pay for something in cash, but want to use your credit card for rewards, after your purchase, send an automatic payment of the exact amount.