Introduction
Credit cards feel helpful — until balances linger. Interest is quiet, constant, and powerful.
Why This Matters
Interest can double or triple the cost of everyday purchases. Without understanding it, people unknowingly work for past decisions.
A Real-Life Experience
A $2,000 balance turns into years of payments. Minimums feel manageable, but progress is slow. Stress builds while balances barely move.
The Core Financial Lesson
Interest rewards lenders, not borrowers.
Key Takeaways
- Minimum payments extend debt
- Interest compounds daily
- Paying early saves more than you think
Practical Steps
- Stop new charges on high-interest cards
- Pay more than the minimum
- Prioritize highest-interest balances first
Reflection Questions
- What am I still paying for from the past?
- How much interest have I paid this year?
SCB Closing
Credit is a tool — but only when you control it.
