Which of the following is not a valid reason for using credit?
A)To pay for a medical emergency
B)To purchase a car for a homemaker returning to the workforce
C)To purchase an item now for less money than it will cost later
D)To pay for everyday living expenses
E)To pay for a college education

Question

Quizplus · Accepted Answer

Using credit to pay for everyday living expenses is not considered a valid reason because it indicates living beyond one's means, leading to potential debt accumulation without investing in assets or covering unexpected essential costs.

Which of the Following Is Not a Valid Reason for Using