Latisha works as a graphic designer and just got a raise of $100 each month. She
wants to buy a new television and furniture and thinks this raise is enough to
pay for those purchases. Tired of her hand-me-down furniture from her parents
and her 10-year-old television that she got from a garage sale, she plans to use her
credit card to buy the new things. Currently, she has $500 in her savings account,
and she figures that with her raise she can easily do payment plans toward the
television and furniture. To make the situation even more tempting, her credit
limit still has $1,000 before it is maxed out. She plans to use the card toward the
purchases so she can buy everything now. What advice would you give Latisha?