MINIMUM PAYMENT | An Animated Short Film

Jay was 22 when he got his first credit card. "Only $25 a month," it said. MINIMUM PAYMENT is a short animated film about the easiest trap in money: paying the minimum. The math in this film is real: • $5,000 on a card at 22.15% APR (average US credit card rate, Federal Reserve G.19) • Paying only the minimum (interest + 1%, floor $25): about 19 years and $8,159 in interest • Paying $300 a month instead: 21 months and about $1,031 in interest Not financial advice. Just a story worth 3 minutes. Music by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 http://creativecommons.org/licenses/b... "Bittersweet" · "Colorless Aura" · "Danse Morialta" #shortfilm #animation #creditcard #debt #money