How to Calculate the True Cost of a New Purchase on Your Credit Card
It’s always not wise to leave some balances behind your credit card bills – thus, you need to pay of your credit cards every month. If you need something to boost your paying off your cards process – you may need to use this webapp, The Real Damage – calculates the true price of adding another purchase to a credit card that’s already carrying a balance.
From The Real Damage website:
The Real Damage is a new tool to help you visualize how much your purchases REALLY cost.
If you owe money, when you buy something instead of paying off your debt the real cost of that purchase isn’t shown on the tag.
This tool shows you how much that money would have saved you, if you had applied it to your debt. In other words, the real damage.
Some default values have been entered for you; feel free to play with the numbers. Don’t worry, we don’t transfer or retain ANY information so you’re completely safe to fiddle with the bits.
Try this webapp out now – Click Here!
Source: The Real Damage (via LifeHacker.com)
Here are some credit card payment calculators that you might be interested to use:
