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  • 5 years ago

any one know what are monthly credit card expenses are right now for a Single person living alone?

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  1. anonymous
    • 5 years ago
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    Wrong place to ask, but they depend on where you are living. Manhattan is probably several tens of thousands of dollars, while rural Mississippi might let you survive on 1000. Also, credit cards are not the way to go if you're worried about expenses.

  2. anonymous
    • 5 years ago
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    Depends on how high your expenses are and how much of them you charge to your card! If you have a no-fee card and never use it, expenses are $0. If you charge everything, your credit card expenses will exactly match how much you spend. As nomothetis says, it depends on where you live and also how you live. For example, eating out at restaurants typically costs $5-20/meal whereas making a nice meal at home usually costs less than $2. If you buy new shoes once a year your shoe expenses will almost certainly be less than $200, but if you just love shoe shopping and pick up a new pair every couple weeks, you could rack up several thousand dollars a year. Some cards charge a yearly rate (say, $50-100). Interest rates usually vary from 15-35% per year if you don't pay the full balance by the deadline; most don't charge any extra if you do pay it all off before the deadline. Most cards have an upper limit of how much balance you can carry; I think my first card started out at $1000 or so, some 20 years ago.

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