Minimum Payment Trap: Why Your Balance Won’t Go Down
Автор: COIN & MIC
Загружено: 2026-01-11
Просмотров: 2
Описание:
Minimum Payment Trap: Why Your Credit Card Balance Barely Drops — in this episode, you’ll see why paying only the minimum can keep your debt moving painfully slow.
We break down where your payment goes, why interest can take priority, and what to do if you want your balance to actually drop month to month.
Coin & Mic is a 3D cartoon financial podcast that explains personal finance with simple examples and clear visuals.
If you’ve ever felt like you’re doing everything “right” but your credit card balance barely changes, this video is for you.
What you’ll learn:
What the minimum payment really does.
Why your balance can shrink slowly even when you pay on time.
A simple plan to pay down debt faster (without extreme tactics)
Disclaimer: Educational content only. Not financial advice.
Subscribe for more animated personal finance episodes every week.
#CreditCards #Debt #PersonalFinance #MinimumPayment #FinancialLiteracy
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