Elena has “maxed out” her credit card (used up all of the credit she was allowed). She also forgot to pay her cell phone bill last month. Is she making good money choices? Explain.
No, Elena is not making good money choices. Maxing out a credit card can have negative consequences, including high interest charges and potential damage to her credit score. Forgetting to pay bills on time can also result in late fees and damage to her credit. It is important for Elena to prioritize paying off her credit card debt and staying on top of her bills to avoid further financial problems.
