Watch this short cartoon that makes understanding credit cards, credit scores, and compound interest entertaining. Buying on credit is not necessarily a bad thing, but you need to know about how interest rates affect the final cost of your purchase. There are links to related topics on reasons to borrow money and reasons to avoid borrowing. There is also a link to tips on making a budget. Be an informed consumer and learn about the real costs of credit and how you can make credit work for you.
courtesy of Knovation