Money basics for families
Each article answers one question with an easy VND example.
This article is for general information, not financial, investment or legal advice. All figures are rounded illustrations; your situation may differ.
What is compound interest? A plain example in VND
Compound interest through one example: VND 100 million at 7% a year, left alone for 10 and 20 years.
Is paying off a loan early worth it? How to compare it properly
The answer depends on three numbers: the loan rate, the return you could earn by keeping the money, and the prepayment fee.
Should you rent or buy a home? The numbers to look at
Comparing rent with the monthly loan payment is lopsided. What to compare is your net worth under each choice after the same number of years.
What is net worth? How to work out your family’s net worth
One number that tells you what the family really owns once every debt is taken away.
Several debts: which one should you pay off first?
Pay the minimum on everything, then put every spare dong into ONE debt. The only question is which one.