Real Life Adventures by Gary Wise and Lance Aldrich for October 15, 2019

bad math : 0.85 × 1.22 = 1.037 so it’s not 7% but 3.7% OK still

Not if you pay it off in full every month.

Credit card debt is the real buzzkill.

Not if you pay it off as soon as the first bill comes in!

If you pay off the card every month, you don’t pay interest. If you can’t do that, you shouldn’t be buying.

The formula is to pay the bill In full, on time and no interest…..

Use the card and pay it off at the end of the month. Actually save 15% plus free use of the money for about 45 days. The only thing that might happen is a ding on your credit score, but if you stick to this your credit score is already high enough it doesn’t make a difference.

The math here is terrible. As others already pointed out, you can pay in full at the end of the month without interest. Even if you don’t, the 15% is 15%. The 22% is annual interest, and if you pay it off in a couple of months, that’s only 1/6th the interest charge. I know it’s just a cartoon, but still …

Not if you pay back by the end of the month..

Mr Wise and Mr Aldrich must’ve been drawing cartoons in math class. Or else this couple needs to hire an accountant since they both suck at math.

There seems to be a consensus here about how to pay your credit bills. I follow the same rules.

I’ve been using debit cards for 30 years.