Since my monthly expenses include credit card payments, shouldn I reduce the liability as each payment is made (at each pay day)?
A. Most people make monthly payments on their credit cards, but also charge new amounts on the credit card as well. Therefore, the game assumes a steady level of credit card debt that does not fluctuate from month to month. (Unless you choose to pay off the entire liability and therefore you would eliminate the monthly payment as well, in essence you have paid off your entire credit card bill and cut up your credit card so no new charges may be made.) Q.
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