WEEK 5 DQ 2 - Answer FP

WEEK 5 DQ 2 - Answer FP - maybe you have purchased $300 of...

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I think the first and most obvious way to manage your credit is to avoid buying things you couldn't afford if you had to pay with cash. I believe this is a great rule to follow. If you do make purchases with a plan in place so you can make the monthly payments you agreed upon. Pay off your credit card balance each month. Another way to manage your debt is by not allowing yourself to by everyday needs using your credit card, such as groceries. If you think about it,
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Unformatted text preview: maybe you have purchased $300 of groceries and at the end of the month can't pay off the balance; those groceries are going to cost you for months probably. I don't think this is managing your debt. I think the bottom line here is to be smart about what you are buying using your credit card. Using cash whenever possible is a better idea in most cases....
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This note was uploaded on 03/24/2012 for the course US 101 taught by Professor Richarddettling during the Spring '11 term at University of Phoenix.

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