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6 Cards in this Set
- Front
- Back
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Define Carrying debt
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purchases made over time via borrowing
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What are positive carrying debt? 3
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home and land, collectibles, studnet loans
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What are negative carrying debt? 3
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credit card purchases
auto cash loans |
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How many cards does USA today recommend?
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2 cards max, 1st routine expenses, 2nd for emergencies
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What does lawrence journal world recommend
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don't use cards to pay off other debt, dont use loans to pay off cards, or student loans to pay off debt
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How much of your last income will you need to live comfortable?
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60-80%
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