Jack uses his credit card for almost all purchases. He charges gas purchases, clothing, food,and other living expenses. What is your opinion of this money management habit?
In my opinion, Jack using a credit card is like using drugs, the more often you use it, the more difficult to leave it. Now a days credit card become a very important needs. So many parents prohibit their children to use credit card it is because credit card has so many negative impact, such as the administration fee and the interest that you have to pay is high and because so many promo that they offer to people it 'cause people interest to buy the product, so the demand that they have spent is bigger than usual🙁🙁
