Answered: Which of the following would hurt your…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter5: Managing Checking And Savings Accounts

Section: Chapter Questions

Problem 5LTAI

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the concept "pay yourself first". With this in mind, what is your advice to someone on paying off credit card debt and investing for their retirement? Do you feel as though they should pay off all credit card debt before investing for their retirement or is it best to start investing for retirement as soon as possible? Why? * 350 word minimum
1. List 3 of the most common methods for a young adult/teen to obtain a credit card. Which of these methods are you most likely to use in the future?
Choosing a new bank. Youre getting married and believe your present bank is not a good fit. Discuss how you should go about choosing a new bank and opening an account. Consider the factors that are important to you in selecting a banksuch as the type and ownership of new accounts and bank fees and charges.
What is a common example of paying for risk transfer in everyday life? Purchasing a house Buying auto insurance Investing in the stock market Saving money in a bank account
Describe each of the different types of credit card rewards programs. Which one do you like best and why? (as young/teen)
o Describe in detail how you are financing your college education. Include sources like scholarships, loans, family contributions, part- time jobs, savings, grants, etc. o How did you secure these financial resources? What challenges did you face in the process?
Suppose you go to your local bank, intending to buya certificate of deposit with your savings. Explain whyyou would prefer this to offering a loan, at an interestrate that is higher than the rate the bank pays oncertificates of deposit (but lower than the rate the bankcharges for car loans), to the next individual who entersthe bank and applies for a car loan
John rey combong is considering a loan to finance her college education. He currently owes money on several charge accounts and credit cards. What actions would you recommend?
Is this information correct in how to set up an RRSP
18. Which of the following would be found on a consumer's credit report? A. a savings account balance B. whether or not the consumer has made any late payments C. the number of children the consumer has D. whether or not the consumer is approved for a loan
What specific areas of personal finance interest you the most and why? What aspects of your own personal finances cause your worry or stress and why? What key questions do you have about personal finance that you hope to get answers to?
Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would consider in making your selection. make a brief description of each attribute and how you would use it to select a credit card. Where would you file a complaint if the issuer of the credit card you select later treats you unfairly?

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Which of the following would hurt your credit score? Closing a long-held credit card account. Paying off student loan debt. Getting married