Question

No more than 10% of your monthly income should go toward credit card payments.. . false. . true.

Answer 1

FALSE.  Pay down the credit card, 100%,  FIRST because it's probably the most expensive credit you have. Don't put things on the credit card that you won't be able to pay for this month.

Answer 2

True

Step-by-step explanation:

Generally speaking if you must use more than 10% of your monthly income to pay for your credit card expenses, it means that you are buying too many things on credit. A credit card usually carries a relatively high APR, and the debt tends to pile up especially if you only pay the minimum. So it would be a good idea to try to save some money and try to reduce your credit card balance by paying the largest possible amount and then start to control your spending habits.