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4 Ways to Minimize Your Taxes

Taxes are inevitable! Like most taxpayers, you are probably wondering how you can minimize the amount you owe. Your income is taxed at the local, state, and federal levels, not forgetting additional deductions to cover Medicare and Social Security. While tax situations differ for every individual, there are specific steps that most taxpayers can take […]

Written by prositesfinancialSep 22 • 2 minute read

5 Facts You Should Know About Compound Interest

If an investment or loan accrues compound interest, its interest is calculated using the sum of its initial principal plus any previously accumulated interest. You can think of this concept t as “interest on interest” that will make your money grow faster than simple interest. Suppose you deposited $100 one year ago in an account […]

Written by prositesfinancialSep 15 • 2 minute read

Why Is Compound Interest So Powerful?

Compound interest is calculated by combining the initial principal of a loan with its previously accumulated interest. When prior interest is included in the balance of the loan, the interest is essentially reinvested, generating higher yields as time passes.  Financially literate investors utilize the concept of compounding interest to accumulate wealth over time, and it can be beneficial for […]

Written by prositesfinancialAug 11 • 2 minute read

Simple Steps to Organize Your Finances

Organizing your finances boosts your confidence and ensures that you are on the right financial track.

Written by prositesfinancialJun 16 • 3 minute read

Frequently Asked Questions About Credit Cards

If you are considering signing up for a new credit card you probably have questions. Here are the top FAQs to help you decide. Read more!

Written by prositesfinancialJun 4 • 2 minute read

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