Archives : Oct-2021

Updated on Thursday, October 14, 2021 Annual percentage yield (APY) is a percentage that indicates an investment’s actual rate of return — in other words, how much it grows — in a year. The key difference between APY and an interest rate is that APY factors in compound interest. An […]

Updated on Wednesday, October 13, 2021 Many people dream of the day when they can finally sit back and relax in retirement — and a lot of people want that day to come as soon as possible. If you’d like to plan for early retirement, there are several strategies to […]

Updated on Tuesday, October 5, 2021 Summer is over and kids are going back to school, which for many consumers apparently means it’s time to go back to saving. After a dip in savings contributions through the summer months, 42% of consumers added money to their savings in September. “It […]

Our Fine Print We hate fine print. We created this entire site because of the nasty fine-print habits of other companies. Unfortunately, the legal team insists we include the following: MagnifyMoney is not a lender, does not broker loans to lenders, and does not make personal loans or credit decisions. […]

“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” A Gentleman named Adam Smith presented a picturesque scene of life beyond debt. When you’re free of its shackles and away from debt-zilla, life becomes a whole lot […]

Overspending and my pocketbook go hand-in-hand. Unfortunately, my pocketbook hasn’t really been able to keep up with my expenditures, even though I often act as it does. It’s easy to neglectfully whip out the plastic to cover frequent trips to the mall. It’s also easy to turn a blind eye […]

Teen years are perhaps the most important years of life. Teen years decide who you will go on to become as a person. It’s that time when your inner makeup is taking shape. Amid those years, you develop a psyche that remains more or less the same for the most […]

iStock Founded and based in San Antonio, USAA is an FDIC-insured bank, insurance, and financial services company that serves current and former military members and their families. Started by 25 U.S. Army officers, USAA has since grown to more than 11 million members. Most of their products are only available […]

The American education system thrives on virtues of toil, hard work, candor, and integrity. That is how great men and women discover their true calling and become valuable assets for our nation. Out of all the rights that exist in our honorable Constitution, the right to education takes a supreme […]