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Navigating Simple Interest vs. Compounding Interest

In this edition of #FinanceFriday, Anna Manukyan explains the differences between simple and compounding interest.

by Staff
May 3, 2023
Navigating Simple Interest vs. Compounding Interest

 

1 min to read


When you have personal finance questions as a salon professional, who do you turn to for advice? One of your options is Anna Manukyan, Ulta Beauty's Senior Director of Education and Creative, who is also a certified financial educator. Every #FinanceFriday, Manukyan releases a bite-sized video discussing a common money topic.

In her most recent video, Manukyan discusses the differences between simple interest and compounding interest--and how one may affect your debt more severely than the other if you're not careful. See the video below:

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