Question

What was one of the lessons from this activity?

I should not use loans to pay for college because I will have to pay them off after graduation.

I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.

Attending college is a long-term investment that will increase my chances of a stronger financial future.

Applying for credit cards is a good idea if the credit cards give rewards for purchases.

Answer 1

I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.

Step-by-step explanation:

This is one of the lesson from the activity. That, loans and debts are important part of life of someone but the most important thing, is to remember to clear off those loans and debts. this could be done through the gradual payment till all the debts are cleared.