Les Cargill wrote:
Here's the current Federal funds rate:
http://www.newyorkfed.org/markets/om...dfundsdata.cfm

The daily is a *blistering* 0.17%.

So what is the annual rate? Based on that alone it would be 85%.

If the annual rate on your credit card was 0.17% then would you consider
these numbers acceptable?

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38.50


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