As the New Year approaches, it’s a time for new beginnings and setting goals. For many, financial well-being is at the top of their resolutions list. Whether you’re looking to save more, reduce debt, or just get your finances in order, Deseret First Credit Union is here to help. Here are four effective ways to […]
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Category: Savings
The Rule of 72
Calculating compound interest is complicated. Luckily, there’s a simple shortcut that helps you estimate how a fixed interest rate will affect your savings: the Rule of 72. The Basics The Rule of 72 is a tool used to estimate how long it will take an investment to double at a given interest rate, assuming a […]