Wednesday, November 2, 2011

Finances - simple vs. complicated

$120.00 - That's the minimum amount you agree to pay for putting $100 on a credit card at 20%. If you only pay the 2.5% minimum payment each month it will cost you over $300.

Finances are complicated when you factor in interest, double cycle billing, grace periods, transfer fees, APR's, APY's, amortization, monthly payments, etc.

Finances are simple when you don't spend what you don't have and use cash.
More Debt Management

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