The Real Cost of the $2,000 Hol­i­day Bill

Parents (USA) - - Mom -

If you make only the min­i­mum pay­ment each month on your credit-card bill, that ro­tat­ing charge will come back to bite you.

15 years

Time it takes to pay off two grand if you make only the min­i­mum pay­ments

$ 2,423

In­ter­est you’ll pay if the card charges the com­mon rate of 18%

$ 4,423

How much those gifts will cost—dou­ble the orig­i­nal price!

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