WHY IT IS IMPORTANT: Checking your interest rates allows you to know what it is costing you to have a running balance on your credit cards, what it is costing you to have your dream house or your dream car. Checking your interest rates makes you aware of the “extra” monies that are associated with “owing” money. In other cases, checking your interest rates allows you to put together an efficient and effective plan for eliminating debt and saving for the future.
KEY POINT(S): Checking your interest rates allows you to be aware of the costs associated with using money that does not belong to you and in other cases, allows you to make an informed decision about where you want to grow your money for the future.
MY EXPERIENCE: I was unaware once and I ended up paying for an item that was not worth the cost of the money I borrowed. I found myself searching for ways to get out of the commitment to no avail. Not one of my smartest moments with my money. Be mindful that we all have our ups and downs with money and sometimes it’s our mistakes that allow us to make better future decisions. Now, I find myself in tune with where my interest rates are to ensure that I am getting the biggest bang for the buck.
QUESTIONS FOR YOU: Are you paying interest? Do you know your interest rates?
Julie Carter, Recruiter.🧐 Coach.💪🏾 Mother.🙋🏾♀️🙋🏾♂️🐕 Professional.👩🏾💻 Wife.💍 Imperfect. 🙃Living to inspire so you may inspire to live.🤝🏾 You ARE NOT alone!🤗
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