Which of the following is the best example of making a financial mistake?
A) Running up credit card bills and not being able to afford to pay them off
B) Going into debt to get a mortgage for a new home
C) Going into debt to pay for your undergraduate degree at a university
D) Charging an item on your credit card but waiting until the bill is due to pay it off the same month

Question

Which of the following is the best example of making a financial mistake?
A) Running up credit card bills and not being able to afford to pay them off
B) Going into debt to get a mortgage for a new home
C) Going into debt to pay for your undergraduate degree at a university
D) Charging an item on your credit card but waiting until the bill is due to pay it off the same month

anonymous · Answer

A) Running up credit card bills and not being able to afford paying them off.

anonymous · Answer

A) Running up credit card bills and not being able to afford paying them off. D is definitely ok since paying on due date is an efficient way to pay a bill. B and C can be considered investments. There is no mention of what was bought with the CC so that is the worst financial mistake for me.