You and your money
Borrowing and credit
Borrowing costs money. The APR puts interest and fees together in one yearly percentage, so you can compare loans fairly.
What you need first
Why
A web shop says: buy now, pay later, but €25 a month. How much do you really pay for that laptop?
Borrowing can make sense, for example for a car you need to drive to work. But borrowing is never free. Anyone who borrows pays interest and sometimes extra fees.
A small amount per month sounds easy. Only when you multiply it by the number of months do you see what the loan really costs.
Opening Kaft Plus…
Kaft Plus
The rest of “Borrowing and credit” is in Kaft Plus
The learning path and the first 3 topics of Munt are free. Kaft Plus opens every topic and exercise.
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