What is an interest rate?

Interest rates play an important role in financial education, saving money and achieving financial freedom. Learning about interest rates is a critical part of understanding how to save money and pay off debts. In this article, we will explore what an interest rate is, how it affects our finances, and helpful tips on how to save money by understanding and making use of interests rates.

An interest rate is an important factor in determining your financial freedom. It is the percentage of money that you have to pay for borrowing money or for saving it. Knowing what an interest rate is and how it works will help you make better decisions when it comes to paying debts and saving money. If you don't pay attention to the interest rates it can affect your financial goals.