Jeff has three major credit cards. He makes payments on them each month and has had one of them for six years. He has had one of the cards for three years and the other one for eleven months. Paying the monthly bills is almost automatic by now and Jeff doesn't even look at the statement. He even purchased some stock on the stock market because he heard it will soon go way up. All he is thinking about is the minimum monthly payment that he make or should he send in a little extra this month? Jeff is beginning to think he may be making some errors in his thinking and wants to know how to go about correcting them. He just applied for credit cards number 4.

Apply your knowledge in chapter 4, advise Jeff on managing his credit card.