Spec sheet 001 / Educational personal finance information
Interest, APY, compounding. A fact sheet for each money word.
Moneelo is an educational website that defines common money terms in plain language: interest, APY, compounding and inflation. Information only, with no products and no advice.
| Interest and APY | What the percentages on a savings account mean. |
|---|---|
| Compounding | How growth on growth works, with simple numbers. |
| Inflation | Why prices rise and what that means for savings. |
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Fact sheet 1 / 5 min
Interest and APY: what the percentages mean
Savings accounts usually show a percentage. This sheet explains what it means.
Open spec sheet →Fact sheet 2 / 5 min
Compounding: growth on growth
Compounding means interest is earned on earlier interest as well as on the original amount.
Open spec sheet →Fact sheet 3 / 4 min
Inflation: why prices rise
Inflation is the general rise in prices over time. It changes what a set amount of money can buy.
Open spec sheet →3fact sheets
1term per sheet
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