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Adult Children At Home

University/College: University of Arkansas System
Date: November 6, 2017
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Adult Children At Home

Mack mentions the “people who’ve gotten in over their heads with credit cards utility bills”. Why do you think people get into this situation? Answer: I think people get into this situation because they spend more money than they actually have.

They use credit cards to buy things which they simply cannot afford, but they still believe hat they will be able to come up with the money to pay their debt. What advice would you give them? Answer: My advice for them is to live within their means and to learn how to balance their budget. They should always pay off whatever they owe before making new purchases. They should also start saving money Instead of spending it all.

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