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Chapter 3. A Blueprint for Financial Bal... > Credit Cards Can Be Hazardous to You...

Credit Cards Can Be Hazardous to Your Financial Health

How did we ever survive before credit cards? They are so seductively easy. You don't need to worry about carrying cash. You can purchase items even if you only have a dollar left in your checking account. You can deal with that problem when the credit card statement arrives in the mail. The other great aspect of having a credit card is that you can take your time paying down your balance. The credit card company will be more than happy to let you make minimum payments as long as you also pay their 23 percent finance charge along with it.

Facing the Truth about Your Credit Cards
Name of Credit CardAmount OwedAnnual Interest RateMinimum Monthly PaymentActual Payment
     
     
Total Number of Credit CardsTotal Amount Owed  Total Amount You Pay per Month
     



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