The Ascertainment of Financial Freedom, Fear and Work

Nonfiction, Health & Well Being, Psychology, Emotions, Reference & Language, Reference, Guides & Handbooks, Business & Finance, Personal Finance
Cover of the book The Ascertainment of Financial Freedom, Fear and Work by Varant Majarian, Trafford Publishing
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Author: Varant Majarian ISBN: 9781466994782
Publisher: Trafford Publishing Publication: May 31, 2013
Imprint: Trafford Publishing Language: English
Author: Varant Majarian
ISBN: 9781466994782
Publisher: Trafford Publishing
Publication: May 31, 2013
Imprint: Trafford Publishing
Language: English

People use credit cards to buy groceries, go shopping, and do many other things. They use credit cards like candy. When people get their credit card bills, they pay the minimum amount due because they become scared and afraid that they will spend more than they have. These obsessive compulsive spenders spend money for absolutely no reason. Most credit card companies give consumers credit card offers because they know that consumers will accept them, especially around Easter, Thanksgiving, and Christmas. Up to 75 percent of people who pay the minimum amount due have debt on credit cards. Paying the minimum amount on a $1,000 balance can lead to more than $500 in finance charges. Credit card companies charge 14-30 percent in interest. Having more than $5,000 in credit card debt could end up costing more than $10,000.

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People use credit cards to buy groceries, go shopping, and do many other things. They use credit cards like candy. When people get their credit card bills, they pay the minimum amount due because they become scared and afraid that they will spend more than they have. These obsessive compulsive spenders spend money for absolutely no reason. Most credit card companies give consumers credit card offers because they know that consumers will accept them, especially around Easter, Thanksgiving, and Christmas. Up to 75 percent of people who pay the minimum amount due have debt on credit cards. Paying the minimum amount on a $1,000 balance can lead to more than $500 in finance charges. Credit card companies charge 14-30 percent in interest. Having more than $5,000 in credit card debt could end up costing more than $10,000.

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