BUS 215 Week 4 Discussion 2, Debt Reduction
You read in Chapter 13 that it is vital toreduce your credit card balances and other
consumer credit before beginning an investment program. You also need tostart an
emergency fund incase of immediate need. Why do financial advisers make such
recommendations? Why should you reduce spending on credit before investing? Why
shouldn't you carry large consumer debt and invest at the same time?
Financial advisors recommend that credit card as well as other debt be paid off before
investing becaus if these debts are paid off the consumer will have additional funds toinvest. If
these debts are not paid before the consumer starts toinvest there is the possibility that the
You read in Chapter 13 that it is vital toreduce your credit card balances and other
consumer credit before beginning an investment program. You also need tostart an
emergency fund incase of immediate need. Why do financial advisers make such
recommendations? Why should you reduce spending on credit before investing? Why
shouldn't you carry large consumer debt and invest at the same time?
Financial advisors recommend that credit card as well as other debt be paid off before
investing becaus if these debts are paid off the consumer will have additional funds toinvest. If
these debts are not paid before the consumer starts toinvest there is the possibility that the
