I’m a member of an investment club (a chama), with 9 other ladies, much older than me. In fact, this is my Mom’s club, she invited me to join after my original investment club went burst. I don’t socialize much with the other members, but this week something interesting happened. One of the members asked me to co-sign for her on a loan she was…
We are introducing a new section on the blog, Jargon Friday, to appear every Friday (rather obvious isn’ t it?). Jargon Friday aims to simplify some finance and tax terms, and make it easier for a non finance reader to understand our posts, and even more, manage their finances better. In this edition of Jargon Friday, we look at the term: Loan Interest. Definition: Interest is…
