Use the InterestBot to Project Interest Growth | ISGMLUG

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Use the InterestBot to Project Interest Growth

Another new application that recently launched is the InterestBot Interest Calculator.  It’s a PHP/JavaScript application initialized via AJAX.

Some people think that the key to saving would be having the largest amount of money to start with. However, this is simply not the case. Very often, people with a lot of money have many expenses to manage. They spend more money than the person that does not have very much, this can leave them with little or nothing to save. The best way to make sure that you are saving for the future would be to simply take advantage of an interest calculator that would allow you to decide the value of putting your money in different places. It is likely that you are getting a lower interest rate than you would like by putting your money into your current savings account.

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However, you would never be able to determine this if you are not making use of an interest calculator that would give you this understanding. After you learn how much of a return you are getting on your investment, you may become interested in putting your money somewhere else. Before you decide how you would like to do this, you want to use a calculator in order to ensure that you are making a great financial decision. Saving is not all about making money. Instead, it is about learning to take the time to make sure that you are saving correctly when it comes to your future. If you take this approach, you will be very happy with the nest egg that you build in the future.

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