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Candace and Mike just inherited $25,000 from a relative and are really excited about investing it and watching it grow. However, they still have $10,000 worth of credit card debt to pay off. If you were to give them financial advice, what would it be?

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jayilych4real

The financial advice I would give to Candace and Mike who had just inherited $25,000 and have a $10,000 debt to pay is:

  • Pay off the debt in installments and buy stocks.

What is Financial Advice?

This refers to the process of engaging in business which would involve the use of money and how to either make investments, or pay off debts.

With this in mind, we can see that Candace and Mike already have a $10,000 credit card debt and they have a $25,000 inheritance, they would have to pay the debt in installments and then buy stocks.

Read more about financial advice here:
https://brainly.com/question/3063811

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