How well do you understand compound interest?
Take a quick 1-minute survey to test your understanding!
1. Which of the following best describes how compounding interest works?
*
You only earn interest on your original amount (principal)
You earn interest on your savings plus the interest previously earned
Interest rates stay the same no matter what
You earn less interest over time
2. After reading this article, how confident do you feel about using compounding interest to grow your savings?
*
Very confident – I’m ready to take action
Somewhat confident – I still have questions, but I get the concept
Not confident – I need to revisit the article or learn more
Not sure – I don’t see how this applies to me yet
3. Which of the following statements best reflects your mindset after reading this article?
*
I feel more empowered to start or improve my savings habits
I already practice this, and I feel reassured
I understand it now, but I’m not sure if I’ll take action yet
This information doesn’t change how I view saving
4. If you have not started saving yet, what is holding you back?
I still don’t understand the concept of saving.
I don’t have enough money to begin saving.
I don’t think about this much because money is a heavy topic.
I believe that I can start saving later on in life.
Submit
Should be Empty: