The Reality of Certain Financial Decisions

goldbarThere are many people who make decisions about their money, savings, bank accounts and credit cards that they THINK is best for them, but a closer examination shows that some choices people commonly make about their money is, in fact, the wrong choice.

For example, it would seem that a 15 year mortgage on a house is better than a 30 year mortgage, but with a 30 year mortgage, you have more options because your monthly payment will be smaller.

Another example explains that some people believe paying off student loans quickly is the best move, however, student loans usually have a low APR and money might better be spent paying off high interest credit cards.

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