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The opportunity cost of this spending becomes significant when you consider the power of compound interest over time.
Below are experts highlight why your holiday decor addiction isjeopardizing your retirement.
Credit card balances carried over months or years accrue interest that erodes your financial stability, he said.
Milo agreed that the implications of debt are especially risky.
Many people finance the purchase of holiday decorations using their credit cards., he added.
If that is the case, rolling over balances means interest builds up and consequently decreases future investment monies.
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