week 5 - Using your credit card as a substitute for cash is...

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I recently spoke to my daughter about her use of credit cards. I told her I thought her balance was getting to high and she should make more than the minimum payment each month. We already had this discussion in the past, but she did not listen and now has a large According to my sister, I should use my credit card to make everyday purchases. My sister said items like food, clothing, and gas shouldn't be purchased with a credit card.
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Unformatted text preview: Using your credit card as a substitute for cash is a habit that can quickly lead to debt. Leave your credit card in your wallet and use cash or debit card instead. You should get into the habit of making minimum-only payments. Making only the minimum payment each month increases the amount of time it will take to pay off your debt. My sister wanted to help me build my credit card debt....
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This note was uploaded on 06/29/2011 for the course ENG 155 taught by Professor Hall during the Spring '11 term at University of Phoenix.

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