This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money ...

Interest is the amount of money you must pay to borrow money in addition to the loan's principal. It's also the amount you are paid over time when you deposit money in a savings account or certificate ...

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” This is a famous quote commonly attributed to Albert Einstein, but fortunately, you ...

While saving money is never a bad idea, investing allows you to earn not only interest on your savings, but compound interest. “Compound interest works by earning interest on the interest already ...

Johanna Leggatt is the Lead Editor for Forbes Advisor, Australia. She has more than 20 years' experience as a print and digital journalist, including with Australian Associated Press (AAP) and The Sun ...