quick question... this might sound stupid but lets say im $500 in debt and the minimum amount due is $25 by the end of the month.
If I pay that $25, then will be credit go up or down? Do I have to pay the whole $500?
also, just curious.. what % of your paycheck do you guys put into your savings after taxes?
Do you have to pay the whole amount? No
Should you? Yes or close to it.
I'm all for leaving a small balance but how you pay off your card is all on you. If you can control yourself then pay it off slowly but most people just abuse their credit and rack up a top of debt and get stuck making minimum payments for years while racking up tons of interest and paying a $1500 credit card in 5 years while paying more than the original $1500 charged in the end