You are not very good with budgeting your money and decide to get a "debit" card which immediately deducts each purchase from your bank account. In this way, you do not have to worry about paying high finance charges due to overspending

Keep practicing — related questions

• A budget can help you buy wisely and avoid credit problems.
• Overspend is to broke as save is to _____.
• Interest on overdraft is _________ by the bank in the pass book.
• Directions: Fill in the blank. If you do not ________, all your monthly expenses would exceed your income.
• Bank B gets a cheque from its customer X (in the name of the payee). The words “pay to Mr. X account no. 32...
• An instruction to the bank from an account holder to pay a sum of money to a creditor on completion of cert...
• A customer deposits some money in his deposit account with the bank but forgets to provide complete particu...
• A payee’s account crossed cheque in favour of X is presented by bank B to the drawee bank A for payment. Th...