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Money Skills to Simplify Adulting
Instructor: LeeLanguage: English
Navigating auto loans can be a daunting task for anyone in their 20s, and Simplify Adulting is here to guide you through the complexities: Loan Terms Explained: Understand how loan terms and interest rates significantly affect your monthly payments and total loan cost. Interest Rate Impacts: Discover how a high interest rate can drastically increase the overall price you'll pay for a car. Don't Make This Mistake: Learn how adjusting the loan term can manipulate your monthly payments but may lead to paying much more over time. Practical Tools: Explore how to use online calculators to make informed decisions about car loans, ensuring you don't end up paying more than your car's worth. Here's the link to the calculator used in the video: https://www.bankrate.com/loans/auto-loans/auto-loan-calculator/
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