Credit Cards
What is a credit card?
A credit card is something that is used to pay for things instantly with borrowed money from the card provider.
What could you use a debit card for?
Anything at a place that accepts debit cards.
What are some advantages of checks?
What is the purpose of Cost/Benefit?
What are Stocks
Stocks are your investment to a company
What could you use a credit card for?
Anything at a place that accepts credit cards.
What is a debit card?
A debit card is something that is used to pay for things instantly with your own money in an savings account.
How do you write a check?
You write: your name, the amount in words and in number form, the person your paying, and a memo.
How can you use Cost/Benefit?
You can use Cost/Benefit to figure out what exactly you are giving up for something else
What are some of the disadvantages of stock?
Can lose it all or lose some of it. It being money.
What account is attached to a credit card?
Credit
What are some disadvantages of debit cards?
Hard to get money back if card stolen
What is a check?
A check is a piece of paper that says you promise to pay a person/organization an exact amount of money.
Let's say you buy a car for $1,000. How what is the cost/benefit?
Cost: $1000 Benefit: Car
What are bonds
You pay the government they promise to pay you back more
What are some disadvantages of credit cards?
Fees can build up if not paid
What are some advantages of debit cards?
Takes money directly from your savings account
What could happen if your check bounces?
You could be fined more
To afford a new house by next week you have to work an part-time job along with 2 more hours of your normal job. What is the cost/benefit?
Cost: 2 more hours + part time job Benefit: house
What are the advantages of bonds?
Bonds are guaranteed.
What are some advantages of credit cards?
No need to pay at that exact moment
What account is linked to a debit card?
Savings
What are some disadvantages of checks?
You can overdraw
Is it worth giving up your current job at $12/hr for $1000?
No, you could make close to $1000 in 10 days
What is the difference between stocks and bonds?
Stocks are not guaranteed like bonds