Having completed a personal finance class,you are now ready to give some advice to your free-spending friends.Which one is unwise?
A)Reduce the credit card balance.
B)Resolve any billing errors.
C)Quit using credit cards altogether.
D)Look for trouble signs in credit card spending.
E)Control your spending through discipline.

Question

Quizplus · Accepted Answer

Quitting using credit cards altogether is an unwise choice because credit cards can be useful for building credit and can also come with certain perks such as cashback or rewards points. It is important to use credit cards responsibly and pay off the balance in full each month to avoid accruing interest charges. Simply quitting using credit cards altogether can limit opportunities to build credit and take advantage of credit card perks. Instead, it is better to focus on controlling spending through discipline and looking for trouble signs in credit card spending.

Having Completed a Personal Finance Class,you Are Now Ready to Give