GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Now, shes sharing her hard-earned wisdom, soyou dont have to learn these lessons the expensive way.
All the experts say to do this, but did I listen?
Its so easy to swipe when you dont see the money leaving your hand.
Jills right on the money here (pun intended).
Its easy to disconnect from your spending when youre just tapping a piece of plastic.
I always was like, I think I spent like $40 today?!
but never really knew.
Needless to say, I was way off.
Budgeting might not be the most fun, but neither is a mountain of debt.
I didnt realize how much interest I was racking up by doing that.
Paying just the minimum is like trying to empty the ocean with a teaspoon.
Always aim to pay more if you’ve got the option to your future self will thank you.
I Wish Id Understood How Interest Works
I didnt really get how interest worked, Jill said.
I thought it was just a small fee, not something that could snowball so quickly.
Understanding APRs and how they compound can save you a world of financial pain.
Knowledge is power especially when it comes to your finances.
I shouldve saved it only for emergencies and absolute necessities.
Save it for true needs or emergencies, and youll avoid the how did I spend so much?
shock at the end of the month.
If I had, I might have realized sooner how much trouble I was in, she said.
Your credit score is like a financial report card.
Keep an eye on it, and youll catch potential issues before they become full-blown crises.
Now Im honestly embarrassed about that.
You live, you learn.
At the end of the day, it wasnt rocket science it just kinda sucked.
Financial struggles can feel isolating, but remember: Youre not alone.
More From GOBankingRates
Share This Article:
