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Courtesy Rebecca Chamaa
I ve never liked paying interest, so when I needed money to buy a car, I wanted to avoid it.
Instead of taking out a bank loan, I borrowed money from my parents. I offered them 4% interest.
It was more than their money was earning at the bank, and saved me about $300 in interest.
I have a love-hate relationship with high-interest payments. I love when I receive them on my savings account, and I hate when I have to pay them on a loan.
My husband and I have been lucky not to have to borrow money too many times in our over 20-year marriage. We borrowed twice for mortgages (not counting refinances) and once for a car. And we didn t take out our car loan from the dealership or even a bank we borrowed from my mom and stepdad.
Fifth Third Bank Launches Digital Financial Literacy Program for Children
By
Staff
2 months ago
CINCINNATI–(BUSINESS WIRE)–Fifth Third Bank, National Association today announced the launch of the first-ever digital version of the Fifth Third Young Bankers Club
®, its signature financial educational program for fifth-grade students.
Young Bankers Club
® is an engaging financial education program that helps students learn key math life skills online at any time. Lessons were developed to help students establish sound foundations in money management and an appreciation for saving. Traditionally, Young Bankers Club
® lessons were taught in school classrooms, often by Fifth Third employees serving as mentors for the program. The new Young Bankers Club