Understanding Credit Card Debt

Understanding Credit Card Debt

In the first part of this post, Joys and Woes of Credit Cards, we identified some of the benefits and dangers of these little pieces of plastic, but we deferred discussing three “dangers” to this post: They are the most expensive form of credit Interest calculations are not easily followed The illusion of minimum payments  Before beginning, we’d like to remind you that we genuinely believe credit cards are an important financial innovation. They just

Joys and Woes of Credit Cards

Joys and Woes of Credit Cards

In an earlier post directed to Young Earners, we described a credit card as a little piece of plastic that is a powerful financial product, but which appears deceptively simple. They are ubiquitous; and we love them; and we hate them. Improperly used, they can break, no, decimate your finances. In this two-part post, we discuss the good and bad things about credit cards, and we hope by the end, you’ll understand how to avoid

Regrets Young Earners Should Avoid

Regrets Young Earners Should Avoid

When we look back to our twenties, or compare notes with others about their twenties, of course certain regrets pop up. Some of them are just things you wished you could have done if you had the opportunity and others are just mistakes you should have avoided. Sometimes the best legacy we can leave the generation now entering the working world is to let them know what mistakes we made so they can try to avoid. Naturally, we’ll

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