Question

Drag the tiles to the correct boxes to complete the pairs.

Match the cost or benefit with the appropriate spending decision.

Answer 1

can result in crushing interest expenses, obtaining a loan for a major purchase

can help in any emergency using your savings account money

does not require planning, making impulse purchases

establish good credit using credit card

Answer 2

tile: Making impulse purchases = pairs: does not require planning

tile: Using credit cards = pairs: can result in crushing interest expenses

tile: Obtaining a loan for a major purchase = pairs: establishes good credit (if the payments are made on time every month until paid off)

tile: Using your savings account money = pairs: can help in an emergency

Step-by-step explanation:

1st tile: by definition an impulse purchase is made quickly, without any planning.

2nd tile: if credit cards are used without paying off balances every month can lead someone to accruing large amounts of interest charges and can lead to financial ruin.

3rd tile: Typically when making large ticket purchases like homes or cars can build a great credit history because it gives you credit history and payment timeliness history.

4th tile: Typically when emergencies happen, there is no time for payments or financial planning. Savings funds can help during unplanned or emergency financial situations such as unplanned car repairs or car accidents.