2. consider a person who’s drowning in debt with credit cards, car payments, and student loans. what advice…

2. consider a person who’s drowning in debt with credit cards, car payments, and student loans. what advice would you have for them? what can you do now to make sure you don’t end up in this situation later in life?

2. consider a person who’s drowning in debt with credit cards, car payments, and student loans. what advice would you have for them? what can you do now to make sure you don’t end up in this situation later in life?

Answer

Brief Explanations:

For the person in debt, advice could include creating a budget to track income and expenses, negotiating with creditors for lower interest rates or payment plans, and avoiding taking on more debt. To prevent such a situation in the future, one should practice responsible borrowing, save regularly, and live within their means.

Answer:

For the person in debt: Create a budget, negotiate with creditors, avoid more debt. To prevent: Practice responsible borrowing, save regularly, live within means.