Time Is Money: How to Calculate Your Wage for Savings

That Makes Cents

Woman holding a fan of one hundred dollar bills in both hands up near her face with a clock positioned next to her

Exchanging time for money is a basic economic activity. It underscores every transaction. You go to work and exchange your time and labor for a salary. You’re tired on the way home, so instead of cooking, you exchange money for the time and labor of a fast-food worker. You want to go out to dinner with your partner, so you …

Savings Certificates: How to Keep Your Money Spinning

That Makes Cents

Man smiling while counting out one hundred dollar bills: bills flying all around him and in front of him

A share savings certificate is much like the familiar certificate of deposit (CD) offered by banks. It acts like a traditional savings account in that you deposit money to collect dividends over time. It differs from a traditional savings account, though, because you cannot withdraw or deposit money at will. Instead, you agree to place your money on deposit for …