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| Interest paid on interest previously earned; credited daily, monthly, quarterly, or semiannually |
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| An amount of money in readily available cash to be used only in the event of an emergency |
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| Percentage paid to a tender for the use of borrowed money; percentage earned on invested principal |
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The five steps to financial success:
1) Save a $500 Emergency Fund
2) Get Out of Debt
3) Pay Cash for Your Car
4) Pay Cash for College
5) Build Wealth and Give |
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Definition
| Saving money over time for a large purchase |
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