Answer: The spending habit that will lead to the worst financial situation is to spend money you don't have as cash on hand by using a credit card or other loan service.
Explanation: Loans and credit cards can be extremely helpful and for some people the benefits outweigh the risks. However, a lot of people use a credit card or loan to purchase items that they can not afford otherwise and continue to accrue debt at a fast rate.
The spending habit that will lead to the worst financial situation is to: Spend more than you are able to earn per month.
Money refers to an economic unit that is generally accepted and recognized as a medium of exchange for goods and services, as well as payment of salaries and repayment of debts such as loans, taxes across the world.
Simply stated, money is a financial asset that is typically used for the purchase of goods and services.
A spending habit simply describes the way and manner in which an individual spends his or her money on the purchase of goods and services or payments.
Generally, a good spending habit requires that you make a financial plan (budget) and not spending more than the amount you earn each month.
In conclusion, spending more than you earn per month is a bad spending habit that would certainly lead to the worst financial situation.
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