Personal Finance: Look At Your Credit Card Statement, What is Your APR?
Updated: Jun 20, 2022
Hi There!👋 This week, we are talking about debt and I was wondering… 🤷 Look at your credit card statement, what is your APR? 🤷
Now, how does this make you feel? Before you can build wealth, you need to tackle your “bad” debt first. “Bad” debt refers to credit cards or other consumer debt that do little to improve your financial outcome. For example, the average cardholder had $5,934 in credit card debt in Q4 2021. If you paid a monthly minimum payment of $99, it would take you almost 13 years to pay off the debt. AND you would pay an additional $9,316 in interest alone! “Bad” Debt is just one of the ducks you need to get in a row before investing… It can feel overwhelming, but you can do it!
That is why I am offering "Before Investing" through Camp Co-Co. By attending "Before investing," I'll help you conquer some basics and give you a road map to get into great fiscal shape, finally ready to invest.
Are you ready for your first baby step? 👇Sign-up for camp below 👇
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Disclaimer: Jessica Perrone is not a registered investment professional nor a financial advisor. This content is for educational purposes only and is not investment, tax, or financial advice. Always do your own research. You are solely responsible for all investment, tax, and financial decisions that you make. Please read the full disclaimer here.