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  • Teachable Moments Series

    Teachable Moments Series: The True Cost of Debt

    May 9, 2018

    One may be tempted to buy on credit, but the next time you decide to buy something using a credit card go through this little exercise with your child. Suppose you buy a pair of pants for $40 using a credit card at a 19% annual interest rate, compounded daily. Compounded daily means you owe more and more on your…

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