Form 3 Money Management is super easy. In this chapter, Student need to understand how Credit Card Payment Out class will take around 5 hours to cover the entire chapter.
Credit Card Minimum Payment Rules
- Knowing how banks set minimum payments (percentage vs. fixed amount).
- Understanding how paying only the minimum affects the balance.
Financial Consequences of Debt
- How paying only the minimum can lead to long-term debt accumulation.
- Strategies for faster debt repayment.
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