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6 November, 18:26

Explain why Dave describes overdrafts as a sign of "crisis living."

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  1. 6 November, 20:21
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    Overdrafts are a synonym of debt

    Explanation:

    When overdrafts happen, it's because you're drawing more money from your account from what you actually hold in it. Dave describes overdrafts as a sign of "crisis living" because you're spending more money than you really have. In other words, you do not have sufficient funds to complete a transaction, and this may lead to extra fees that need to be paid, having as a result an increase in your negative balance; your debt will be greater because there's not enough money for you to comply with your financial obligations.
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