Question

1. Give an example of where you would use a credit card versus a debit card. List the pros and cons of each for this purchase you are thinking of.

Answer 1

Buying a new car. you should always use a debit card but if you used a credit card than the pros would be you would not have to worry about the cost. the cons, if it is over your budget you would go into debt. if you used a debit card than you could use Ur own money which means no debt. cons. if you don't have enough money you would need a loan or a cheaper or worse car