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Small Print “Gotcha” in Credit Card Interest (Hint It Can Be 20,000%)!

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Manage episode 390469140 series 3460431
Content provided by Unconventional Wisdom & Advice Inc. and Ed Rempel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unconventional Wisdom & Advice Inc. and Ed Rempel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

You probably think credit card interest is pretty high.

It can be far higher than you think!

If you or your kids ever do not pay your credit card balances in full by the due date, this is the video to watch.

Credit card debt is the single most common place where Canadians get stuck, which can create havoc with your finances (and future).

In my latest podcast episode you’ll learn:

  • What is the small print “Gotcha” in credit card interest?
  • Why credit card effective interest rates can be astronomical.
  • How to eliminate credit card interest.
  • Why you need an emergency plan, not an emergency fund.
  • The wholesome way to think of credit cards.
  • How to live within your means.
  • Why budgeting is tough and how to do it.
  • Why eliminating credit card interest is worthwhile.

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 390469140 series 3460431
Content provided by Unconventional Wisdom & Advice Inc. and Ed Rempel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unconventional Wisdom & Advice Inc. and Ed Rempel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

You probably think credit card interest is pretty high.

It can be far higher than you think!

If you or your kids ever do not pay your credit card balances in full by the due date, this is the video to watch.

Credit card debt is the single most common place where Canadians get stuck, which can create havoc with your finances (and future).

In my latest podcast episode you’ll learn:

  • What is the small print “Gotcha” in credit card interest?
  • Why credit card effective interest rates can be astronomical.
  • How to eliminate credit card interest.
  • Why you need an emergency plan, not an emergency fund.
  • The wholesome way to think of credit cards.
  • How to live within your means.
  • Why budgeting is tough and how to do it.
  • Why eliminating credit card interest is worthwhile.

  continue reading

100 episodes

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