people aged below 30’s to use the debit card rather than credit card in order to reduce the debt
and bankruptcy among them. Debit card will debit money directly from the owner account which
prevents one’s to spend more than his or her ability. Whereas, credit card allow the card holder to
borrow money from the issuing bank and there will be interest charges from the credit card
company on the purchases that had been made. Thus, the higher debts can increase the chances
to be declared as bankruptcy among credit card holder. Therefore, using debit card is the wise
action when making the purchases since it will only allow the card holder to spend within their
limit. Other steps that can be considered is to increase the knowledge about credit card and
bankruptcy among people aged below 30’s. Providing the credit education to the people aged
below 30 as well as public can help them in managing their money wisely and use the credit
correctly to avoid debts. It can be done through financial seminar, talk from professional person or
forum. The credit education can help one’s to manage their financial, debt and set up a better
planning for the future and it should begin as early as possible. Then, it is recommended for the
government or any non government organization (NGO) to aggressively come out and implements
the campaign in order to create the awareness regarding the credit card debts. For example, in the
campaign should encourage public as well as people below 30’s to bring their cash or use debit
card rather than use the credit cards when buying things. By doing so, the public and people aged
below 30’s can think twice before purchase any product or service. Through this kind of campaign,
it can increase the awareness regarding the credit card debts implication and the advantages and
disadvantages of having the credit card.
people aged below 30’s to use the debit card rather than credit card in order to reduce the debtand bankruptcy among them. Debit card will debit money directly from the owner account whichprevents one’s to spend more than his or her ability. Whereas, credit card allow the card holder toborrow money from the issuing bank and there will be interest charges from the credit cardcompany on the purchases that had been made. Thus, the higher debts can increase the chancesto be declared as bankruptcy among credit card holder. Therefore, using debit card is the wiseaction when making the purchases since it will only allow the card holder to spend within theirlimit. Other steps that can be considered is to increase the knowledge about credit card andbankruptcy among people aged below 30’s. Providing the credit education to the people agedbelow 30 as well as public can help them in managing their money wisely and use the creditcorrectly to avoid debts. It can be done through financial seminar, talk from professional person orforum. The credit education can help one’s to manage their financial, debt and set up a betterplanning for the future and it should begin as early as possible. Then, it is recommended for thegovernment or any non government organization (NGO) to aggressively come out and implementsthe campaign in order to create the awareness regarding the credit card debts. For example, in thecampaign should encourage public as well as people below 30’s to bring their cash or use debitcard rather than use the credit cards when buying things. By doing so, the public and people agedbelow 30’s can think twice before purchase any product or service. Through this kind of campaign,it can increase the awareness regarding the credit card debts implication and the advantages anddisadvantages of having the credit card.
การแปล กรุณารอสักครู่..