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Personal finance

Interest and debt

Personal finance

Interest and debt

Lessons

Compound interest basics

Learn
Compound interest introduction
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The rule of 72 for compound interest
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Interest basics

Learn
Introduction to interest
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Interest (part 2)
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Why interest rates go up and down - by Better Money Habits®
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How rising or falling interest rates might affect you - by Better Money Habits®
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Credit basics

Learn
FICO scores and credit bureaus
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Credit cards and loans

Learn
Annual percentage rate (APR) and effective APR
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What is an APR - by Better Money Habits®
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How credit card interest is calculated
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Institutional roles in issuing and processing credit cards
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Payday loans
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Debt repayment

Learn
High rate vs snowball method
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Personal bankruptcy

Learn
Personal bankruptcy: Chapters 7 and 13
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About this unit

How is interest calculated? What factors influence your credit score? What is the impact of only paying the minimum balance on your credit card? Build your knowledge of these key financial topics.
Personal finance brought to you with support from
Better Money Habits® Powered by Bank of America® Bank of America, N.A. Member FDIC. Equal Housing Lender. Investment Products: Are Not FDIC Insured, Are Not Bank Guaranteed, May Lose ValueBetter Money Habits® Powered by Bank of America® Bank of America, N.A. Member FDIC. Equal Housing Lender. Investment Products: Are Not FDIC Insured, Are Not Bank Guaranteed, May Lose Value