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An interest rate that changes based on an economic index such as the Prime Rate. A variable rate credit card will often have an interest rate like "Prime + 5.9%" meaning that the interest on the card is the Prime Rate plus an additional 5.9%.
Back to topAn interest rate that changes based on an economic index such as the Prime Rate. A variable rate credit card will often have an interest rate like "Prime + 5.9%" meaning that the interest on the card is the Prime Rate plus an additional 5.9%.
Back to topVariable expenses are those that can change from month to month. Variable expenses include necessities that can be reduced (such as food and utilities) and non-essentials that could be eliminated (e.g., long distance charges, cable, magazine subscriptions, etc). Reducing these expenses is the simplest step in getting control of your finances.
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