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In fact, you too can think like an economist even if youre terrible at math.
And doing socan save you money.
Lets say you are thinking of buying a simple latte at Starbucks today for $5, Johnson said.
Some economists (and investors) would look at what that $5 could turn into in the future.
Youre spending thatpluswhatever annual percentage rate (APR) your credit imposes.
Economists always know their cards APRs for this very reason.
Remember, APR includes interest rates and additional fees.
It is the number it’s possible for you to use to compare apples with apples among different options.
You might continue paying for services you no longer need, Troncoso said.
New additional benefits and costs are what matter, Troncoso said.
It does not matter that lawnmowers are 90% off if you live in a second-floor apartment.
You should do the same, and keep your eye on them regularly.
Inflation seems to be leaving, and interest rates should go down soon, Troncoso said.
If you are considering buying acar or home, it seems to be a perfect time.
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