011.05²
Investing
Compound interest
Compounding means a return can itself earn a return. At a constant 5%, 1,000 becomes 1,050 after one year and 1,102.50 after two. The e…
FINANCETOYS
Money academy
Understand the numbers that shape your life. Short lessons and personal experiments.
02P + I
Mortgage
How a mortgage works
A loan payment contains principal and interest. Early payments contain more interest because debt is higher. A longer term lowers the p…
036 × M
Emergency fund
Budget & buffer
A budget shows net income minus expenses. Divide annual bills by 12 to avoid an optimistic plan. Base a buffer on essential spending. A…
041 / 1.03¹⁰
Inflation impact
Inflation & purchasing power
Inflation reduces the purchasing power of uninvested cash. At 3% annually, 1,000 has about 744 of today’s purchasing power after ten ye…
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