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Showerthought: I was paying the minimum on my credit card for 3 years thinking it helped my score
Last month my bank statement showed I'd paid over $600 in interest on a $2,000 balance, and that's when it clicked that I was basically throwing money away for no reason. Has anyone else fallen for the minimum payment trap and found a better way to chip away at debt?
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river_thompson1d ago
throwing money away for no reason" is a bit dramatic lol. You paid $600 in interest which sucks but it's not like you're out on the street. Just pay more than the minimum next time, problem solved.
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