Critic to Jack's Money Management

     Hi guys, today I have a case to discuss and it is the case : Jack uses his credit card for almost all purchases. He charges gas purchases, clothing, food, and other living expenses. What is your opinion of this money management habit?

     My opinion of this money management habit is actually using credit card to fulfill all needs is not bad, because it is more safety and easy but jack must record and control all his expenses, so that jack will not beyond the limit of his credit card. I think it will be better if jack use cash rather than credit card to pay simple needs, for example meal expenses, it can avoid the swelling of the bill.

     If jack use his credit card out of limit, he will induce a problem the swelling of the bill. So we need have to check all expenses that we had paid before beyond the limit. Finally we have to decide wisely the needs that are better if we use credit card and the needs that are better if we use cash. Okay guys I think only that and thank you for your attention.