Canada

Open any credit card statement and look for the little box the law requires — the one that tells you what happens if you only pay the minimum. On a $21,400 balance, that box reads like a horror story: 87 monthly payments, $20,772 in interest, and $42,172 paid in total. More than seven years of payments, and nearly half of everything you hand over goes to interest, not to the … [Read more...] about The Debt Hybrid Method: Snowball’s Quick Win, Avalanche’s Math