Kate's refrigerator broke and she had to buy a new one with a credit card because she did not enough money in her savings to pay for this unexpected but necessary expense. What should Kate do to make sure this doesn't hurt her finances and further?
A) Make cuts to her spending and use that extra money each month toward paying off the credit card bill.
B) Just pay the minimum amount due on the credit card each month until she has saved up enough to pay off the balance.
C) Open up another credit card in order to pay for her bills and other expenses each month while she saves to pay off the card with the refrigerator bill.
D) Just pay the minimum fee on the credit card each month so she doesn't have to cut expenses anywhere else.
Correct Answer:
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