How credit cards really work! | Ep 65
from Female Finance Collective Hosted by Sybil Hall, Jen Sullivan, and Meri-Li Forrest
Credit cards are everywhere, but do you really understand how they work? In this episode of the Female Finance Collective Podcast, Jen and Sybil break down the hidden cost of credit card debt, how APR really works, and why that “small” purchase might cost much more than you think. We’re not here to shame you, we’re here to support you with simple truths, smart tools, and a warm, honest conversation to help you build your financial confidence. Join our Community! Female Finance Collective is a supportive community with mentoring and resources to help women feel confident and in control of their money. We'd love to hear from you! Do you have questions or ideas? Connect with us! Instagram: @femalefinance.collective Facebook, YouTube, Pinterest: Female Finance Collective Timestamps: 00:00 Welcome to the Female Finance Collective 01:00 Why we need to talk more about credit cards 02:10 How credit cards actually charge interest 03:30 What APR really means (and how it adds up daily) 07:00 The danger of only paying minimum payments 09:00 That $100 sweater? It probably cost you $116 11:30 Credit cards = little loans (that add up fast) 13:50 Don’t get tricked by the points and perks 15:00 The power of pausing before purchases 17:30 Can you actually afford it? Let’s be honest 19:00 How carrying a balance quietly stresses you out 20:45 Start tracking your spending and make a plan 22:30 Grace, awareness, and action—the way forward
Embed this episode
No transcript yet.