APR – The True Cost of a Loan

APR – The True Cost of a Loan

We all know the interest rate on a loan is the cost to borrow money. Although at CariDollarsAndSense we believe Financial Freedom is achieved more rapidly if you avoid most debt, if you must borrow, then try to get the lowest interest rate possible. Unfortunately, determining the lowest rate is often not straightforward. The purpose of this post is to help you understand the problems involved, so you can keep more of your money (pay less interest).

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

Creating Your Budget (33/33/33)

Creating Your Budget (33/33/33)

This is the fourth in a series of six articles in which we cover how to create a budget. The previous post Use Cari$ Budget to Pull Everything Together covered how to use a spreadsheet to enter the data you’ve gathered, as well as projecting for twelve months. Here, we show you how to take the next crucial step. If you’ve pulled together all of your income and expenses for a twelve month period, congrats! You have made considerable progress towards

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