Max just finished his $500 emergency fund and is now working the debt snowball. He's been offered a credit card with a $5,000 limit at zero percent for one year. Max plans on banking the $5,000 in his emergency fund and paying off the card in a year before any interest accrues. Max is positive he can do that. Meanwhile, he will have earned interest and have money in the bank in the event of a real emergency! What would you tell Max?

Based on the information given about Max What i would tell him is to clear all is debt and be debt free reason been that most people who take the offer of zero interest credit card often end up with interest rates that her high and in a situation where their is unforseen circumstances or emergency he should go for his emergency fund.

Therefore the best option for Max is for him to clear all his debt and be debt free.

Tundexi Tundexi · Answer 2 · 2022-01-11T12:43:01+01:00

What i will advice Max on is to clear his debt free and learn to be debt free.

On the scenario, it is observed that Max is trying to take a debt up despite the challenging interest accrual expected to be paid back.

Hence, i wll tell him to be debt free because most people who take the offer of zero interest credit card often end up with interest rates that her high.

In conclusion, i will advice Max on is to clear his debt free and learn to be debt free.