How might the use of credit for a large purchase affect your budget? Discuss which type of credit plan you would use, and how your budget can help you protect your credit score.

I would not like to make large purchases because if I can't pay that amount back. Furthermore if it is very important for me then I would try to limit my budget that are associated with my clothing, out of home eating, etc which I can limit to fund the large purchase. I would prefer to make small investments from my savings every month to tackle such issues in near future. Furthermore, this will also help me which would help me grow financially and pursue my future goals (studying from a well reputed university).

Large Purchase = Funding from budget shrinking every month + Credit Purchase to safe limit

The large purchase is only possible in my life if it is of immense importance otherwise I am not going to buy it.

I believe that happiness is in donating not having Ferrari or luxury items, which best describes that I don't like unnecessary spendings. I keep things that are just enough for doing necessary things. I always prefer to help friends, family, etc. Less spending on unnecessary things doesn't mean that you are greedy it tells that how you perceive happiness.

the telephone is the answer