⢠Managing Credit â¢
Life Situation â¢
Single â¢
Age 24 â¢
No dependents â¢
Graduate and engaged ⢠Financial Data Monthly Income $1,750 Living Expenses $1,210 Personal property $7,300 Savings $5,000 Student loan $4,200 Credit card debt $4,600 ⢠Shelby and Mark are making plans to get married, open her pet salon, and possibly buy a condo, but they realize that they must manage their credit situation better. They have made a budget so that they can reduce their individual credit card balances. However, they are looking for other ways to help them achieve their goals more quickly. â¢
Questions â¢
1.Given their current situation, list some suggestions on how Shelby and Mark can reduce the cost of using credit. What are some alternative sources of credit they might consider? â¢
2.What is the best way for Shelby and Mark to compare the cost of credit from different sources?
⢠Managing Credit â¢
Life Situation â¢
Single â¢
Age 24 â¢
No dependents â¢
Graduate and engaged ⢠Financial Data Monthly Income $1,750 Living Expenses $1,210 Personal property $7,300 Savings $5,000 Student loan $4,200 Credit card debt $4,600 ⢠Shelby and Mark are making plans to get married, open her pet salon, and possibly buy a condo, but they realize that they must manage their credit situation better. They have made a budget so that they can reduce their individual credit card balances. However, they are looking for other ways to help them achieve their goals more quickly. â¢
Questions â¢
1.Given their current situation, list some suggestions on how Shelby and Mark can reduce the cost of using credit. What are some alternative sources of credit they might consider? â¢
2.What is the best way for Shelby and Mark to compare the cost of credit from different sources?
