I need help with this Civics question. It has to do with money. Please help if you can. Thank you.

Why might it be better to save up some money and buy something later than to buy it on credit now?

You may get protection for cash purchases that are lost, damaged, or stolen.
Buying anything on credit will damage your credit rating.
Paying for things on credit will hurt the economy, by taking money out of circulation.
Paying off credit debt can extend many years, long after the item purchased was useful.

Question

I need help with this Civics question. It has to do with money. Please help if you can. Thank you.

Why might it be better to save up some money and buy something later than to buy it on credit now?

You may get protection for cash purchases that are lost, damaged, or stolen.
 Buying anything on credit will damage your credit rating.
 Paying for things on credit will hurt the economy, by taking money out of circulation.
 Paying off credit debt can extend many years, long after the item purchased was useful.

Axolotl · Answer

This one got me stuck lol

Lazorwolf64 · Answer

Oh i will help u

Axolotl · Answer

ok ty

Lazorwolf64 · Answer

Its better to save your money because if you buy things using credit you would have to pay interest at times and that can lead to debt.

Axolotl · Answer

@lazorwolf64 wrote:

Its better to save your money because if you buy things using credit you would have to pay interest at times and that can lead to debt.

which one would that be?

Lazorwolf64 · Answer

If you save your money then you would not have to stress about having to pay the debt and it increases the state of security in your mind

Lazorwolf64 · Answer

@axolotl wrote:

@lazorwolf64 wrote:

Its better to save your money because if you buy things using credit you would have to pay interest at times and that can lead to debt.

which one would that be?

Save your money

Axolotl · Answer

I mean out of the choices:
 -You may get protection for cash purchases that are lost, damaged, or stolen.
-Buying anything on credit will damage your credit rating.
 -Paying for things on credit will hurt the economy, by taking money out of circulation.
 -Paying off credit debt can extend many years, long after the item purchased was useful.

Lazorwolf64 · Answer

Ohhhh

Lazorwolf64 · Answer

-Paying off credit debt can extend many years, long after the item purchased was useful.

Axolotl · Answer

ok

Axolotl · Answer

@lazorwolf64 wrote:

-Paying off credit debt can extend many years, long after the item purchased was useful.

YES IT'S CORRECT TYSM!!!!

Lazorwolf64 · Answer

@axolotl wrote:

@lazorwolf64 wrote:

-Paying off credit debt can extend many years, long after the item purchased was useful.

YES IT'S CORRECT TYSM!!!!

Yw <3