The use of credit in today’s world is pervasive. People charge meals in restaurants and purchases in boutique shops, pay for appliances on the installment plan, obtain loans to buy homes and automobiles, take vacations, and pay for schooling. These are just a few examples of how we use credit on a day-to-day basis. Now, …

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At some point in your life, you probably have heard about budgeting to save money and about the importance of developing a budget. But, why is a budget so important? Perhaps you simply spend what you must and save whatever’s left over. Or, perhaps you spend all you have and borrow or charge anything else …

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