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Sarah Sharkey

articles from Sarah

2 posts

How To Calculate Interest on Savings Account Funds

Published 12/03/2022 by Sarah Sharkey

Stashing your funds in a savings account can help you build financial stability, and calculating how much interest you’ll earn on these savings can motivate you to build a habit of saving regularly. Interest earned on a savings balance can be calculated using one of a number of formulas, which will depend on the type of interest the account earns as well as the frequency at which you deposit funds into the account.

How Many People Make Over $100k in U.S.?

Published 09/30/2022 by Sarah Sharkey

About a third of U.S. households make over $100k a year. That being said, this average income may include more than one individual’s salary. The average American income distribution changes depending on a person’s race, gender, education level, and age. If you want to earn more than your current salary, try asking for a raise, learning new skills, working a side job, or using your money to build a passive income.