Question

Pay It Off!


Let's say you have $1,000 in savings and are making 6

percent interest. That means that you make $60 a month

in interest. Let's also say that you have $500 you need to

pay off on your credit card. By not paying it off, they charge

you 18 percent interest a month. That means you owe an

extra $90 a month! It's just foolish to keep putting money

in a savings account when you have credit cards to pay off.

You'll save money if you pay off the credit cards and then

start saving.


Save It!


I don't know why people don't try to save more. Now, it's

smart to go ahead and work on paying off any debt you

currently have on credit cards. But, it's even better to stop

using your credit cards! Instead of constantly buying

things on credit cards, put your money in a savings

account and wait until you have the cash to buy what you

want. That way you won't end up losing all your money to

credit card debt! Try to stop spending and start saving

What could a reader learn from reading these texts?

A. When to save and when to pay off debt

B. How to balance your checkbook

C. How to open a savings account.

D. How to buy products

Answer 1

Answer:

A

Explanation:

The text is explaining when debt should be paid off and when you should save

Answer 2

Answer: Hope this helps you!

The answer is A

Explanation:

Well C and B can be crossed out.

C. How to open a savings account.

D. How to buy products

It for sure does not tell you how to buy products or open a savings account.

A. When to save and when to pay off debt

B. How to balance your checkbook

But then between A and B, A is correct as this mentions only to save after paying off debt because it is not as worth it to save before you pay of debt.