Michael Sutton is trying to decide whether to apply for a credit card or a debit card.
Question:
Michael Sutton is trying to decide whether to apply for a credit card or a debit card. He has $7,500 in a savings account at the bank and spends his money frugally. What advice would you have for Michael? Describe the benefits and drawbacks of each type of card.
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Step by Step Answer:
Heres a breakdown of credit cards and debit cards to help Michael decide Debit Card Benefits Spends what you have Prevents overspending since purchase...View the full answer
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Joseph Mwaura
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Related Book For 
Personal Financial Planning
ISBN: 9781439044476
12th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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