08/28/2026
MYTH: āThe lowest monthly payment is automatically the best deal.ā š³
Nope.
A lender can make almost anything look affordable by stretching the repayment period long enough. š
$450 a month sounds better than $650.
But if that $450 keeps you paying for years longer?
You could spend thousands more overall.
Thatās why I donāt look at debt and ask only:
āCan I afford the payment?ā
I also ask:
āWhat will this money cost me by the time Iām DONE paying?ā š°
Monthly payment tells you about cash flow.
Total repayment tells you the price of the decision.
Know both.