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