Question of the Day: $750 Playstation 5 Bundle on credit...If you make the minimum payments, how long before this credit card bill is paid off?
Answer: 5 Years and 9 Months
- Considering the cost of this Playstation 5 Bundle, do you think this is a good idea? Explain your answer.
- What big-ticket items or once-in-a-lifetime experiences do you think are worth spending money on?
- How could you reduce the amount of time required to pay off this credit card bill?
Behind the numbers (from Bankrate):
The PS5 may be the hottest video game console of the year. Sold out basically every store, you find a PS5 bundle for $750 and buy it on credit. Did that impulsive purchase to knock another item off your holiday shopping list still feel like a good one?
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About the Author
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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