Your friend wants to buy a new television that is out of his budget; however, he discovers a local place where he can get the television and then make weekly payments. Based on what you learned in the lessons, is this a wise financial decision? Explain why or why not.

This is not a smart financial decision. This sounds like an example of a rent-to-own service. With this weekly payment method, this service may charge him high interest rates. Once he fully pays off the television, he will have paid way more for it than he originally would've had to.

Explanation:

Personal Financial Literacy on FLVS

i mean, there is a lot of homeless people. but it is a very busy place and always in need for people who can be busy so it's not impossible to find one.