This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money lessons you NEED to know. Don’t miss the ...

Ever heard the saying “Let your money work for you”? That’s exactly what compound interest does. It’s one of the most powerful and often underrated concepts in personal finance. Compound interest is ...

Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time periods. Investment vehicles like CDs, high-yield savings accounts and money ...

“Interest” has many uses in finances—and many uses work in your favor. For example, earning interest can help improve your overall net worth. In fact, compound interest (sometimes also called ...

Hitting the million-dollar mark strictly by saving is virtually impossible for most people. Even if you're able to set aside ...