3. Credit Cards – Dear Dollars

What is it? Some of the highest interest rates aimed at keeping you under water.
Should I worry about it? If you carry any balance over month-to-month.
How much? Pay off your remaining balance.
Did you know?
- 15% – 25% | interest rate of most credits cards
- $822 | total interest you would owe on $1,000 @ 20% over 3 years
Why? Because credit card interest is like trying to swim with a cinder block.
More info: 11 Things to Know Before Getting Your First Credit Card

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