The Value Of Paying Off Your Credit Card Debt Faster


This is a fine example of how much extra you pay on your purchases if you only pay the minimum each month on your Credit card. I know which one I would choose to pay.
So every time you buy something and put it on your credit card and just keep paying the minimum monthly payment it will give you some idea how much extra that item is costing you.

MINIMUM MONTHLY PAYMENT – OR NOT

SOURCE: VISUALISING ECONOMICS

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