One more key point: always know how many times per year the interest is calculated. This is known as the number of time periods. A daily rate will be vastly different than a monthly or quarterly rate. Always know what you’re spending and what you’re saving.
Making a wise decision when it comes time to part ways with your money is all about information and understanding how financial tools work. If you have that basic understanding, you’ve tilted the odds in your favor.
It’s about time, isn’t it?