Tag: liability
-
Chapter 25: Minimum Payments
Generosity or Genius? Minimum payments are a great way for your credit card company to make money. The longer it takes you to pay them back, the more they can charge you in interest. For perspective, sometimes a minimum payment only covers the interest charge and will probably scrape very minimal off the principal balance.…
-
Chapter 23: Cars, Buying Vs. Leasing
Thinking of buying a car? It’s good to know the difference between a purchase and a lease. There are also many other factors to consider in your car buying journey. Things like down payment, the APR of the loan, and the loan term. Loan terms are usually discussed in months so it’s good to calculate…
-
Chapter 21: Soaring Interest Rates
What’s Going On? Times are becoming tougher and we are all starting to feel the effects of inflation. Right now with soaring interest rates, it’s making it really difficult to borrow money. We have to think twice before we make a big purchase or end up paying the price. Credit card interest rates are at…
-
Chapter 16: Getting Free Stuff With Credit Cards
So now you’ve been following along for a while. You got your finances in order, set a budget, and now are eager to reap the rewards credit cards have to offer. This has been my most asked question on the blog lately. How can I score free stuff with credit cards? I’ll show you how…
-
Chapter 13: Sunk Cost Fallacy
Have you ever heard of the Sunk Cost Fallacy? This psychological phenomenon is when you invest so much time or money, that you just refuse to abandon it or pull out. Even when you know that it’s better to abandon it. This applies to everything in your life, not just your investments. For example you…
Money Ain't Sh*t 