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You can use credit to buy the hottest item of the year. But is it worth the price?
Answer: 4 Years and 6 Months [and $873.04 total price]
Questions:
- Considering the cost of AirPods Max, 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):
AirPods Max is a hot item from the Apple store. You find a pair for $549 and buy them on credit. After four and a half years of making minimum payments, you have finally paid them off. Did that impulsive purchase still feel like a good one after $324.04 paid in interest?
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About
the Author
Mason Butts
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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