In this week's episode, it's in your best interest that we talk about... interest! 📈 We'll discuss the most frequently used types of interest rates, how they're calculated, and also some of our personal "whoopsies" we've made on our own credit journeys! We hope you find it... interesting! 😆🤣 

Takeaways:

• Learn about APR, simple interest, compound interest, and how they're calculated. 
• Adjustable rate mortgages (ARMs) can lead to increased payments if interest rates go up.
• Reading the fine print and understanding the terms is crucial to avoid financial pitfalls. 
• Understanding compound interest is crucial to avoid drowning in debt, especially with credit cards. 
• Having a credit card is important for building credit, but it's essential to use it *responsibly* and pay off the balance in full each month.
• Learn about high-yield savings and were you can typically find the best rates!

Want to watch this podcast? Here's the link for our YouTube channel!

Check out our sponsor -- Rental Kharma
https://www.rentalkharma.com

Season One Intro Music: https://uppbeat.io/t/cruen/camping
License code: AACFPDP424VK449S