Did you get started with a YNAB budget?
If you are in the lucky situation, that you were able to implement all of YNAB rules immediately, then this article is not for you.
If you are like many of us, you will have problems to live on last month's paycheck. And you will have some credit card debt.
Time to do something about it!
The rule of 72 is a rule that can answer you the question: How many years will my money need to double for a given interest rate?
Debt is common these days.
A lot of stuff is bought on credit cards and now seems to be the time to buy the car - because the interest rates are low.
One thing is still true though — If you buy something on debt, you can't afford it.