We all lose our heads from time to time. It would be great to have that new 52" plasma TV in our living room tonight, but credit is not free. Maybe you should think about this. Use this linked page to calculate the actual total cost of making a purchase.
What if you were to buy that plasma TV?
Say the total price is $5,000.00. Enter that amount on line one.
Your credit card interest rate is 18.7%. Enter that.
You'd like to take three years to pay it off. Enter that.
Total cost of your new TV? $6,570.81.
Is it really worth it? Or would you be better off waiting until you can save enough to pay for it when you buy it?
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