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People need to think about credit card debt (or any debt) differently. You have to think of available disposable income to repay!
People need to think about credit card debt (or any debt) differently. You have to think of available disposable income to repay! A person might think $10k on credit card is “okay” because they make $60k/yr. No. It means at 20% they gotta find an extra $250/month in your monthly budget of all your income and expenses, to be able to pay it all off in 67 months (that’s 5 years, 7 months), paying over $16,616 total. And that’s assuming they cut up their credit card and haven’...
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