Struggling with credit card debt in your 20s feels like a never-ending cycle. Simplify Adulting brings you a crucial guide on why paying just the minimum on your credit card isn't enough: Understanding the Trap: Learn how minimum payments barely cover interest rates, keeping you indebted for decades. Real Costs Exposed: We explain how these payments extend your debt period and increase the total interest paid, costing you thousands more than you borrowed. Empowering Strategies: Discover actionable steps to boost your payments, reduce your debt faster, and avoid common financial pitfalls. Tools for Change: Use our linked calculators to see the real-time effects of adjusting your payments, empowering you to make informed financial decisions. Here is the calculator used in the video https://www.bankrate.com/credit-cards/tools/minimum-payment-calculator/

Whether deep in debt or trying to avoid potential financial issues, this video provides the insights and tools you need to take control of your financial health. Subscribe for expert advice on smartly managing your money and achieving financial freedom sooner.