What is Financial Education?

Paying Just the MINIMUM? Check the REAL cost of you credit card debt. Enter your current debt:     You will pay a total of:   Including interest charges totaling:   You will make monthly payments for Years   * Assumptions: Minimum monthly payment is 3% of your outstanding loan balance; 18% nominal annual interest rate (1.5% per month); dollars and years are rounded to the nearest whole numbers; stated percentage of balance is paid monthly; no additional fees or charges are incurred during repayment period; no payment is less than $15, except the last payment. Pay MORE Each Month And Save a LOT! Enter your debt: Monthly Payment Payment Amount * YEARS in Debt Interest PAID Interest SAVED** 3% of balance 4% of balance 6% of balance   * This is your first monthly payment. If you do not charge more, your payments will decrease each month. **Savings based on boosting payment from 3% to 4% or to 6%.

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