Comment on It's important to get a good interest rate

themeatbridge@lemmy.world ⁨7⁩ ⁨months⁩ ago

This might actually be a good way to teach kids about credit and interest. Let them borrow a small amount at a high interest rate and walk them through paying it off.

It’s one thing to tell them about financial responsibility. But watching a bad choice drain their piggy bank is the sort of trauma that leaves a scar.

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