How Much Does Life Cost You?

An article on The Motley Fool  web page says that the average person has a credit card balance of $5,800 and is paying an average of 18.3% interest on this balance.    That's $929 in interest payments.  What could you do with $929?  Is life costing you 18% more than those who have their finances under control?

In addition, the Motley Fool points out that to pay off a $4,500 credit card debt (assuming that you never charge another dime!) and making the minimum payment will take 44 years and one month.  44 Years!!  Is life costing you more than it should?  If you are relying on credit cards to finance your life, you are paying an exorbitant amount for that privilege.

Financial problems is one of the greatest sources of pain and conflict in our life.  It creates trouble in relationships when both parties are not in agreement with how money should or should not be spent.  Take some of the pressure off and take control of your finances.  If you are deep in trouble, it will not be easy, but the sooner you get started, the sooner you will be in control. Visit The Motley Fool web site for some great ideas on taking control of your money and getting out of debt.

- Joe Freeman

Nothing in the world can take the place of persistence. 
Talent will not; 
nothing is more common than unsuccessful men with talent. 
Genius will not; 
unrewarded genius is almost a proverb. 
Education will not; 
the world is full of educated derelicts. 
Persistence and determination are omnipotent. 
The slogan 'press on' has solved and always will 
solve the problems of the human race.
-Calvin Coolidge