Money Management Tip #16

for America Saves Week… and Beyond

According to America Saves, the best investment most borrowers can make is to pay off consumer debt with double-digit interest. For example, if you have a $3,000 credit card balance at 18%, and pay 3% minimum payments, it will take 14 years to pay it off. Add in accumulating interest, and you will pay $5,625 in interest charges! Become an American Saver at

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