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Financial Tip

The Rule of 72

You can easily see how the rate of return can impact your investments by applying the "Rule of 72." This is a simplified way to show how long your money takes to double at a fixed annual interest rate.

Dividing 72 by the following percentages shows the time needed:

# of Years
to Double
2% 36
4% 18
6% 12
8% 9
10% 7.2


Life is full of choices, and how to spend money is one of the most frequent, and personal, choices we make every day.

Kid with money bags

Choosing between needs and wants and identifying what holds the most value can be a daunting task. In the Spending section, you will find information to help you identify how you spend your money on what is important to you, and how that will impact your ability to save and invest.