You Should Never Borrow to Cover Regular Expenses, but It

question 66

True/False

You should never borrow to cover regular expenses, but it makes perfectly good sense to use credit to cover unexpected expenses such as car or home repairs.

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Definitions:

Five-Factor Theory

A model that outlines the five broad dimensions of personality as openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Humanistic Approach

A psychological perspective emphasizing individual potential for growth and the role of unique perceptions in guiding behavior and mental processes.

Self-Understanding

The individual's cognitive and affective perception of oneself, encompassing self-knowledge about one's attributes, roles, and goals.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors and attitudes.