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FMOOD 0130: Interest vs. Interest

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Sinopsis

Will your interest in the purchases that you make on a credit card or by taking out a loan outlive the interest that you'll pay? In most cases, probably not. When I was younger and less financially savvy, I would see something that I liked, buy it, and eventually got bored with it. I put most of these purchases on credit cards to the tune of two almost maxed-out credit cards. I paid interest on these purchases for quite a while, and I'm sure that I lost interest in these items well before the time that it took for me to finally pay these purchases off in full.   Don't make the same mistakes that I did way back when. If you can't pay cash for a purchase, at least take some time to consider the purchase that you're going to make before you swipe the plastic or sign on the dotted line. Realize that interest paid on a purchase means that you will always pay more than the purchase price that you're considering. The only way that you get the deal promised to you is if you are paying with cash.   The question that y