People borrow money to build credit history for future needs like mortgages, to satisfy short-term purchasing needs like vacations or gifts, and to facilitate longer-term goals like purchasing a car or house or paying for education.

Authors

• Person: Not available Organization: RBC Wealth Management
  Six financial literacy principles - RBC Wealth Management

Sources

• Six financial literacy principles - RBC Wealth Management www.rbcwealthmanagement.com RBC Wealth Management via serper

Referenced by nodes (4)

• mortgages concept
• credit history concept
• car concept
• education concept