2. “Credit card debt. If you have a balance of $10,000 on your credit card with an APR of 18%, that card is costing you $1,800 a year in interest alone ($10,000 x .18 = $1,800). This comes out to $150.00 per month or $5.00 per day. You are actually losing $5.00 a day carrying that balance. You are better off skipping the coffee or buying lunch and put that $5.00 towards paying down your credit card balance in addition to your monthly minimum payment.”
