World Thrift Day

News

The World Thrift Day falls on October 31. The first International Thrift Congress, held in Milan, Italy in 1924, declared October 31 as the World Thrift Day.

English


Thrift is a noun. It means careful management, especially of money. 


Sample sentences:


  • Through hard work and thrift, they sent all of their children to college.

  • Thrift is a great revenue.

  • Diligence and thrift made him a possessor of warm fortunes

  • He has the virtues of thrift and hard work.

  • You have to work at thrift.

Science > Economy


At its simplest, interest is the cost of borrowing money. Generally, you’ll pay interest to borrow money, and you can collect interest when you lend money. When you put money in a savings account, the bank is technically borrowing the money and paying you interest in return.


https://www.discover.com/online-banking/banking-topics/how-interest-works-on-savings-accounts/


There are two types of interest: simple, and compound interest. Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."


Investopedia

Arts


How to make a piggy bank yourself.

https://www.youtube.com/watch?v=vhccz8P8ZuU

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