True Cost is the cost of an amount of money spent while your debts outweigh your assets. Let’s break this down. While you are in debt or your debts out weigh your assets you are currently paying interest on everything you purchase or spend money on. This is because every dollar you make that is not going towards the the balance owed you are continuing to finance day after day until those debts are all paid. With the Money Merge Account system you total debts are tracked and each dollar spent is analyzed based on the amount of time you have left until you are debt free. This is like taking every financial calculator for every debt you have and combining them together to figure out the exact cost of each dollar spent. This powerful tool is a standard feature in both the Money Merge Account Pro and the Money Merge Account Express.
True Cost can also be projected on a future purchase giving you the ability to make a smart and educated financial decision on a purchase and see how it will impact you in the long run. The true cost feature give you the ability to see the time value of money for your exact financial situation.
For more information on the Money Merge Account visit United First Financial.
