Compound Interest

2023-04-17

Host: Mindy McCulley, Extension Specialist for Instructional Support, Family and Consumer Sciences Extension, University of Kentucky Guest: Kelly May, Senior Extension Associate for Family Finance and Resource Management Season 5, Episode 32 April is Financial Literacy Month. Throughout this month our shows will feature topics related to finances - everything from giving to the magic of compound interest (today's topic)! Join in e...

Host: Mindy McCulley, Extension Specialist for Instructional Support, Family and Consumer Sciences Extension, University of Kentucky

Guest: Kelly May, Senior Extension Associate for Family Finance and Resource Management

Season 5, Episode 32

April is Financial Literacy Month. Throughout this month our shows will feature topics related to finances - everything from giving to the magic of compound interest (today's topic)! Join in each week this month to raise your Financial IQ without going back to school.

Compound interest let's your money work for you! When you put your money into an account that earns compound interest, its growth is much faster than when it is earning simple interest. Listen to today's episode to learn more about how compound interest can work for (or against) your financial goals!

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