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The price of money

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Why you can trust SCMP

You have paid all your Christmas presents with your credit card and have trouble paying for the whole bill this month.

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You decide to wait for next month to pay for the remaining amount.

What will happen?

You will pay more because the bank will charge you interest.

Why do you have to pay interest?

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You have bought items that you can use now and pay one month or two months later.

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