RisdomFI
  • Home
  • The blog
    • Most recent
    • Archive
  • Calculators
    • 4% Rule
  • About
    • Contact

How Credit Cards Get Out of Control

11/7/2017

0 Comments

 
If you think humans are bad at guessing how interest rates and percentage growth works then I have a surprise for you. You're wrong.

We aren't bad at it.

We SUCK at it. Hard. 

Combine this with a population that doesn’t fully understand how their credit cards work in general and, well, it's bad news bears. 

In testament to those two facts I was inspired to make this video to explain how interest on a credit card works, as well as talk about minimum payments, and run through a few examples. It’s all stuff that is good to know, even if you pay off your credit card every month!
0 Comments

    RSS Feed

    Archives

    July 2018
    June 2018
    May 2018
    December 2017
    November 2017
    October 2017
    September 2017

Powered by Create your own unique website with customizable templates.
  • Home
  • The blog
    • Most recent
    • Archive
  • Calculators
    • 4% Rule
  • About
    • Contact