Ji-woo has a new credit card. She wants to use it for online shopping. What are three things that make this a poor choice?
1. Security Concerns: Online shopping can be risky, as credit card information can be stolen or compromised during transactions, leading to potential fraud and identity theft.
2. Overspending: Having a credit card may make it easier for Ji-woo to overspend and accumulate debt, as the convenience of online shopping can lead to impulse purchases without the same level of consideration as in-person shopping.
3. High Interest Rates: If Ji-woo does not pay off her credit card balance in full each month, she may incur high interest rates on the remaining balance, leading to additional financial burden and potential long-term debt.
Overall, using a credit card for online shopping may not be the most financially responsible choice for Ji-woo if she is not diligent about monitoring her spending, prioritizing security, and managing her credit card balance effectively.