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Peter wants to go to dinner and the movies with his friends. He is going to pay with his credit card because he doesn’t have enough cash for both events. What advice should you give Peter if he is trying to save money?
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Borrow money from the bank so he can go to both events. Sacrifice either going to dinner or to the movies in order to avoid interest charges. Use your credit card if you can afford the minimum payment each month. Use your credit card if you will not go over the credit limit with the two purchases. --------------------------------------------------------------------------------
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