Ever wonder how much interest you would be racking up for each day that you are late in paying your credit card bills? Well, wonder no more. This calculator will help shed the light on the matter.
I punched in the figures for my outstanding bill amount (and yes, I was late paying my credit card bill this month) and after punching in the figures, and seeing how much I owed the bank with each day that I am late, I was motivated to get out there as soon as possible to pay the bill! Why let the bank make money out of me (with an 18% interest rate slapped on credit card debt, banks are getting a return that is way higher than what they can get in the stock market!).
Anyway, I just found this calculator to be a nifty tool to get me motivated to not be late in paying my credit card bills.
I punched in the figures for my outstanding bill amount (and yes, I was late paying my credit card bill this month) and after punching in the figures, and seeing how much I owed the bank with each day that I am late, I was motivated to get out there as soon as possible to pay the bill! Why let the bank make money out of me (with an 18% interest rate slapped on credit card debt, banks are getting a return that is way higher than what they can get in the stock market!).
Anyway, I just found this calculator to be a nifty tool to get me motivated to not be late in paying my credit card bills.
No comments:
Post a Comment