What Does Compound Interest Have to Do With My Age?

You are underestimating the amount of money you can save over time. Do you understand that the compounding interest theory really applies more to when you’re younger? If you start saving just $200 a month at the age of 25, and you save all the way up to 65, it will result in a minimum of $550,000 in savings! Just $200 a month or $50 a week. Think about that.