Financial Competency 201.

That seems like – scratch that – should be a mandatory class that every high school student should be enrolled in.

Gen Z is practically begging to be taught actual important life lessons like this that will serve them the rest of their lives.

But no, let’s learn more about trigonometry that almost no one will ever actually use.

And credit card debts have skyrocketed in the US in only the past decade.

Almost doubling, from $659 billion overall in 2014, to upwards of $1.2 trillion by end of 2024.

One man on TikTok named ksmithcredit is making it his duty to educate, where our schools have failed.

He reads through the printed minimum payment warning on this statement.

“…if you make only the minimum payment each month, we estimate you will never pay off the balance shown.”

The word ‘NEVER’ on your credit card statement should ring alarm bells.

And it all boils down to one word: interest.

He continues, “…because your payment will be less than the interest charged each month.”

He concludes by preaching to the heavens:

“so at the end of the day you never want to do the minimum payment on your credit card.”

MESSAGE: RECEIVED.

Check out his full breakdown here:

@ksmithcredit

Never just pay the minimum payment on your credit card! You always want to pay your credit cards off in full each month. I do understand that things happen, and sometimes credit card debt may rack up, if this is the case, and you need help getting out of it, go to the link in my profile, and fill out the form! #debtrelief #debtconsolidation #creditcard #capitalone #minimumpaymentwarning

♬ original sound – Debt Consolidation

Let’s see what folks had to say.

A couple people discussed the seemingly-shady setting of minimum payment values.

Another commenter realized hers would take 8 decades to pay off.

While a couple people chimed in at just how great it feels to be ahead of the game.

Say no to the minimum.

If you liked that story, check out this one about a woman who went on a date with somebody who was 10 years older than her. Find out what happened!