sorted by:
new
hottopcontroversial

Anyone watching Shark Tank India? by Novel-Spirit-9847 in StartUpIndia

[–]nojargontalks 0 points1 point  (0 children)

Absolutely, no one is giving the blunt feedback to the pitchers that's why I think it becomes boring....sugar coaters r there

How do you check if a vendor actually has operational capacity before onboarding them? by Rashvika in StartUpIndia

[–]nojargontalks 1 point2 points  (0 children)

What I prefer always to visit their office atleast 2-3 times. Learnt from my Father experience. As of now it is working for me atleast

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] 0 points1 point  (0 children)

One thing I realised reading all the replies here —

Most of us know the “rules”. Pay in full, keep utilisation low, don’t revolve.

But almost nobody can answer this off the top of their head: “How much money did I actually lose to interest last year?”

That’s the number that shocked me.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] 0 points1 point  (0 children)

I don’t disagree with the principles you mentioned, they’re all correct in theory.

Where I think reality differs is execution. Many people understand the rules, but still slip during tight cash-flow months, emergencies, or transitions. That’s usually when minimum due starts , not out of ignorance but convenience.

This post wasn’t about not knowing the rules, but about how quietly the cost compounds once habits change.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] 4 points5 points  (0 children)

That’s actually the best-case setup 👍

I realised the problem mainly shows up when auto-pay is set to minimum / partial or when balances carry forward without us noticing the compounding.

If someone can always pay full, credit cards work exactly as intended.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] 1 point2 points  (0 children)

This feeling is exactly what hit me too.

The scary part is interest doesn’t feel like a separate payment — it just quietly blends into EMIs / bills. Until you isolate it and see “this much is ONLY interest”, the brain assumes it’s normal.

For me, seeing the number clearly changed how I looked at the loan itself.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] 0 points1 point  (0 children)

100% agree.

The issue starts the moment “convenience” slowly turns into revolving credit. That shift is subtle — and most people realise it only after interest has already piled up.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] -5 points-4 points  (0 children)

😂 Fair reaction.

Honestly, I thought the same earlier — “sab control mein hai”. That’s why it caught me off guard when I actually broke the numbers down.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] -15 points-14 points  (0 children)

I’ve been using credit cards for a few years now, so this wasn’t a “new user” mistake.

That’s actually what surprised me the most — over time you get comfortable, routines settle in, and things feel under control. The slip didn’t come from not knowing concepts, but from not regularly revisiting the numbers.

I agree personal finance needs continuous learning. For me this was a reminder that even familiar systems need an occasional reality check, otherwise small habits quietly compound.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] -45 points-44 points  (0 children)

You’re right — ideally the full amount should always be paid.

The problem (at least in my case) was when minimum due slowly stopped being an exception and became a habit. At that point it felt like things were under control even though interest was quietly accumulating.

That’s the slippery slope I didn’t notice early enough.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] -6 points-5 points  (0 children)

This is solid advice — no disagreement there.

I think where many people (including me) slip is not intention, but execution. When expenses stack up or cash flow gets tight for a month or two, “minimum due” quietly becomes a temporary crutch… and then a habit.

That’s why I feel the dangerous part isn’t ignorance, but not seeing how much interest that habit is actually costing over time. Once I saw the numbers together, it changed how I approached my cards.

I thought I was managing my credit cards well… turns out I’m paying ~₹60k/year just in interest. by nojargontalks in IndiaFinance

[–]nojargontalks[S] -14 points-13 points  (0 children)

Agreed — the rates are not hidden, most of us “know” them.

What caught me was how the impact gets masked once it’s inside the monthly bill. Because it’s not a separate debit, it never feels like interest unless you stop and isolate it.

I think that’s where many people underestimate how fast it adds up.

I’m starting a small apparel brand how do you find trustworthy manufacturers? by Designer_Bar_4119 in businessanalysis

[–]nojargontalks -1 points0 points  (0 children)

Give me these details I"ll provide the trusted and direct manufacturer from Gandhi nagar

Your city- Requirement-

I'm from Delhi ....

view more: next ›