Inexpensive Life Insurance-the High Expense Of Ignorance

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There are almost no savings accounts that offer interest rates as high as the ones credit cards charge. Here's a question: if you have $10,000 in a savings account earning 5% per year and $5,000 on a credit card at an interest rate of 20% per year, how much how to earn money by blogging (click through the next webpage) do you have? After just five years, the answer is effectively $0 - your debt would have grown to around $12,500, the same amount that your savings are now worth.

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You should try to get rid of your credit as soon as possible. This will make you to lead a debt free life post retirement. Attempts should be made on your part to avoid taking credit. Use the credit cards wisely and that too in the state of urgency.

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