Explain How Use of a Credit Card Can Affect the Successful

question 33

Essay

Explain how use of a credit card can affect the successful implementation of a financial plan. Note that you will be able to find both constructive and damaging uses of credit cards in the financial planning process.

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Definitions:

Episodic Memory

A type of long-term memory that involves recollection of specific events, situations, and experiences.

Semantic Memory

A type of long-term memory involving the recall of general facts and knowledge about the world.

Spatial Orientation

An individual's ability to recognize themselves or objects in relation to environment, direction, and position in space.

Numeric Ability

The capacity to understand, manipulate, and interpret numbers and mathematical concepts.