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Even
Spendopolis savings experts sometimes find themselves
wanting or needing more than they can pay for. So what
happens when you want to spend money that you don’t
have? You have two choices. You can wait and try to
save up for whatever it is you want. Or, you can borrow
money and buy that item on credit.
Credit is your ability to borrow money, so that you
can buy what you want now and then pay back the money
later. It might seem a little strange to pay for things
in the present with money you’ll have in the future.
But if you investigate, you’ll see that people
use credit all the time.
For example, these towers are bursting with credit.
Most of the people living in these apartments paid for
them using credit, and they probably used credit to
buy their cars, too. And at the shopping towers, people
use credit to pay for everything from sneakers to gourmet
chili dogs at L’Arbre Orange restaurant.
When you don’t have the cash on hand, credit
can be a lifesaver. But before you stuff yourself with
chili dogs, let’s take a walk through these towers
so you can get the hang of credit first.
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