Useful Resources

Use the links below for additional course-related resources.

Interactive Statement
This is the statement you used in Lesson 1 to become familiar with statement terminology.

Finance Charge Calculation Formula
This is the formula for calculating finance charges using the Average Daily Balance method. You may want to print this and keep it handy by your desk.

CNN Money Debt Reduction Planner
This website offers an interactive debt reduction calculator that allows you to calculate when you will be debt free.

Simplifying Credit Card Debt
Offers an interactive calculator which breaks down debt repayment by month and year.

Mind Your Finances- Credit Basics
You will find easy to understand explanations of common credit card statement terms.

Practical Money Skills for Life
This website offers another interactive statement you can refer to.

Federal Trade Commission- Choosing and Using Credit Cards
This website has facts for consumers on choosing and using credit cards. There is also a great example of different finance charge calculation methods.