The True Cost Of Paying The Minimum
By goliath323, Updated
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Wow, look at this great new Phone Gadget.
But i don't have the cash for it... wait... I have Credit.
Hey, dude i can sell you that right now for 75 bucks.
I am really glad i had my credit card. now i just have to pay the minimum and it will be paid for eventually.
Six months later
Well i got to say that i dint realize that i would still be paying for that gadget. They put interest on my purchase so it is costing me almost double what it was worth.
Paying the minimum is paying the price... and more.
So, Plan ahead and pay a price that works well for you and get it paid off within about three months at best.
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