It's said that when asked what the greatest invention of all times was, Albert Einstein said, "interest." He was talking about interest on money and he may have been right - if he did say it.

Compound interest isn't easy to grasp, especially through the convoluted mathematics of money lenders, but the basic concept is simple: You pay someone for the use of their money, and they add what they charge you to what you owe and then you pay them for that... well, that may not be so simple after all.

Villa Tisch is the person behind this site and he's got it all covered, from interest on bank accounts to credit card tricks and tactics and a lot in between.

If you've got an interest in interest, (or if you don't have an interest, but you still pay it) here's a site all about it and how to use it to your advantage. The site is named, aptly enough, "Interest.org."

What I like about this site:
It's simplicity and straightforward look and delivery. I'm not usually the most eager to play with numbers, but this got me thinking in a few areas.

What do you think?
Do you like it? Dislike it? Why? What did I miss?

 

Pat that is a great site,  I couldn't get the interest.org to open ......maybe when you put the quote signs around it, it causes it not to work?  I could go on to the other credit card tricks and tactics. Yes I knew them and find it hard to believe that they can get away  with such underhanded ways.  Just like it said, payments have to be there on Sunday, so I really have to watch when I mail by bills, they would not remove the fee,even thought it was there Mon morning.  Their computer will not let you go over the limit they set but the limit they tell you, if you go over it they charge you, that one has been going on for a long time. We were traveling and went over.  I closed that card out quickly but now more and more cards are doing this. 

You really do have to read the fine print and even then may still not understand it.  Like does fixed rate really mean fixed or just til they say its fixed and then they change it.........Discover Card did that to us, so they don't get my business any more.  

This site is a great place to learn what is going on with credit and we all need to know what is going on, usually we learned to late.  

 Oh... thanks for letting me know! I think I bit off more than was needed with all the quotations and periods in the text. It should be fixed now.

I'm glad you liked the site.