Mathematics

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Mathematics
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Credit and Debt Management - Part 1
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Definition of credit
A postponement of payment facility provided by the supplier to the consumer
Example of credit
Banks offer credit facilities to customers in the form of credit cards
Definition of debt
An amount that has been borrowed but has not been settled
Definition of personal budget
The estimated income and expenditure of an individual for a given period
The advantages of personal budget
Plan spending prudently
The advantages of personal budget
Avoid overspending
The advantages of personal budget
Save
The advantages of credit card
Does not require us to carry a lot of cash
The advantages of credit card
Easy and efficient payment method
The advantages of credit card
Convenience of buying goods and services online
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Credit and Debt Management - Part 1
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