A recent CGA-Canada survey revealed that more than half of the respondents had no idea how much interest they were paying on their credit card balances, with many mistakenly believing it to be around 3-4%, similar to the prime rate. This is a startling revelation. While not everyone may know the exact percentage, it’s concerning…
Tag: financial responsibility
The College Debt Trap: How to Break Free
The college experience is often painted as a carefree time of exploration and growth. Yet, for many young people, it’s marred by a looming financial shadow: debt. The insidious nature of credit card offers on campus has turned this pivotal chapter into a financial minefield. Credit card companies have cleverly targeted college students, preying on…