I don't get it? Sometimes people make me laugh.

When you talk with friends or family about finances. I've heard many people talk about how much money they have in savings or invested in one way or another, but in the next sentence they're telling you they are maxed out on their credit cards. I don't get it!!!

Let's see. So you have money in savings collecting roughly 4-6%. But you're paying any where from 9-25% on your credit card debt. Are you really saving money. NOT! Now I haven't been to any high level financial schooling or versed in economics, but good ol'e common sense comes in useful sometimes. Let me put it this way, your losing the game here jacko.

Ok, heres a scenerio:

We'll say I have $1,000 in a savings gaining roughly 5% interest and I have $1000 debt on my credit card that charges me 15%. Do I really need to do the math over a year? Isn't it easier just to say you lost 10% over that year? I don't get it!

Articles publish with permission from 123debt.com.