Tech Tips Home
The Best Tech Tips And Daily Deals
Newsletter On The Internet!

WorldStart Tech Tip And Store Search
Email: Password: Login Remember Me

Like what you see here? Subscribe to the Tech Tips newsletter!   Email: Subscribe

The Real Damage

Friday, August 27th, 2010 by | Filed Under: Cool Sites

This is a really interesting calculator that allows you to calculate the real damage you’re doing to your finances when you buy something with credit.

You’ll find the calculator on the right side of the page. You enter the cost of what you’re buying, then fill out what your interest rate is, the balance that you’re carrying on that card, and how many payments you make a month. Next, click the What the Damage button above the table you just filled in. It will then calculate how much the item you want to purchase will really cost you in the long run.

The point of this is to help you make better decisions about what you’re buying. If a $75 dollar pair of jeans is going to end up costing you $224.63 in the long run would you still buy them? (I used the interest rate of 23.94%, and a balance of $400 with 1 monthly payment to come up with those figures.) I certainly wouldn’t be buying those jeans!

I love that you can figure in multiple payments because a lot of people make more than one payment a month when they are trying to pay down their credit, so now you can figure that in!

I think this calculator is awesome! I hope you’ll bookmark it today and use it to help you weigh your purchasing power.

Leave a Reply

Like these tips? Get them for FREE in your email!

WorldStart's Tech Tips Newsletter

  • Tech Tips Daily - Become a tech pro! Get the very best tech and computer help sent directly to your email every weekday!

  • Tech Tips Weekly - If you don't want our Tech Tips newsletter every day, then sign up for this weekly newsletter to get the best information of the week. Sent on Fridays.

Other Newsletters

  • WorldStart's Daily Deals - Every week, we send out great deals in our Daily Deals newsletter. Many of these deals are exclusively for our Daily Deals newsletter subscribers and can't be found with our regular specials.

  • Just For Grins - Each issue includes a couple clean jokes, some funny quotes, and a hilarious reader's story. Newsletter is sent five days a week.

Enter Email Address:


Your e-mail address is safe with us!
We only use it to send you the newsletters you request. It is NEVER disclosed to a third party for any reason, ever! Plus, if you decided you don't like our newsletters (don't worry, you'll love them), unsubscribing is fast and easy.

Free Newsletter Signup

Tech Tips Daily

Become a tech pro! Get the very best tech and computer help sent directly to your email every weekday!

Tech Tips Weekly

The week's best in tech and computer help. Get your issue sent to your email every Friday!

WorldStart's Daily Deals

The very best deals on the Internet! Get a new set of incredible sales every day of the week!

Just For Grins

Clean jokes, funny quotes, and hilarious comics. Sent 5 times a week straight to your email.


Love Worldstart? Refer A Friend!

WorldStart's Premium Membership

Tip Archive