⌄ Scroll down to continue ⌄

Calculating Credit Card Debt

⌄ Scroll down to continue ⌄
Calculating Credit Card Debt

John Maeda has created a online calculator to make himself more understand on how the credit card payment works. If you have data on APR, minimum monthly payment, principal and monthly payment it will create a table of calendar for you on the how much you have pay and owe per year:

Credit Card Calculator

    I’ve had a problem understanding credit cards since the first time I was offered one in college. The idea sounds great. You have access to almost infinite money. Furthermore you are told that you have to be in debt in order to have a good credit report later on when you might want to buy a car or house. A major problem in the US now is the ability for many people to pay off their credit card debt. I looked online for some way to better understand how this all works, and wrote this simple little system to have an ‘aha’ moment. I hope it is useful to you.

    Simplifying credit card debt – [Maeda Studio]

    More by this author

    Leon Ho

    Founder of Lifehack

    11 Ways to Motivate Yourself to Complete any Task in New Year
    Interview with Tim Ferriss of The 4-Hour Workweek – Part 1
    Book summary: A Technique for Producing Ideas
    10 Ways to Extend Laptop Battery Life
    Bob Parsons on His 16 Rules for Survival

    Trending in Lifehack

    1 5 Simple And Obvious Tips For Better Communication 2 2 Minutes Book Summary: Talk Like TED 3 1 Minute Book Summary: The Productivity Project 4 2 Minutes Book Summary: How to Read a Book 5 1 Minute Book Summary: Always Hungry?

    Read Next

    Advertising
    Advertising

    Explore the Full Life Framework

    Advertising
    Advertising