Educational

Time value of money explained in simple terms

This text has the time value of money explained in simple terms. So, what exactly is time value of money? The value of money decreases with time. This is due to the increase in the value of rare items. Hence, petrol prices ten years earlier would be much less than today. The same dollar which… Continue reading Time value of money explained in simple terms

Educational

Financial planning begins with being honest about your financial position

Do you keep wondering why at the end of the month you are left with no money? Maybe it is time to think of financial planning. If you set your goals right, soon you will watch personal savings grow. Here are 5 steps to your new financial plan. Financial planning begins with calculating all your… Continue reading Financial planning begins with being honest about your financial position