Ever felt like you’re just treading water with your credit card payments? 😩 You pay the minimum, but somehow, the debt just keeps piling up! Here’s the scoop: while paying the minimum keeps the bank happy and avoids late fees, it doesn’t mean you’re off the hook. 🏦💸 If you put $1,000 on a card with a 20% interest rate and only pay $25 a month, guess what? You’re mostly just feeding the bank’s profit machine! 😳 That’s right—$16.70 of your payment goes straight to interest! So instead of reducing your debt, you’re barely making a dent. The key? Don’t spend more than you can afford and aim to pay off your balance in full each month—just like using a debit card! If you’re already in deep, create a plan to tackle that debt head-on. 💪 Remember: knowledge is power! Don’t let those sneaky minimums keep you trapped in a cycle of debt. You’ve got this! 🚀✨
#CreditCardTips #FinancialLiteracy #DebtFreeJourney