Sense & Centsibility Blog

Scrooge-O-Meter: How Long Will It Take to Pay off Your Holiday Debts?


Buying presents for others (and ourselves) feels good and can be fun. Until you get that credit card bill in the mail after the holidays. If you can't pay off the entire balance in full, you'll be paying more than the original purchase price. Yuck, right? Yep, interest charges are no fun. So how much will those gifts REALLY cost you in the long run and how long will they take you to pay them off? Take the Scrooge-o-meter test to find out: