Oh man oh man, please don’t ever just make minimum payments on your credit card bill unless you want to be paying for that cheeseburger for the next ten years. According to the calculator at Bankrate, if you had a $1000 credit card bill and only made the minimum payment of 5% each billing cycle, it would take seventy months (five years and 10 months!) to completely pay off the bill. You would also have paid $382.47 in interest, or a whopping 38.25% premium onto the existing bill.

The minimum payment might seem nice (only paying $50 a month on something that costs $1,000) but in the long run it’s you who will be paying… 38% more than what you were supposed to.