Credit vs Debit
This card uses money you already have in your bank account.
What is a debit card?
This number helps lenders like realtors or banks decide if they should give you credit.
What is a credit score?
Putting money aside for the future.
What is saving
A plan for how you will spend your money.
What is a budget?
This movie tells the story of a chef who is a rat.
What is Ratatouille?
This type of card lets you borrow money that you'll need to pay back later.
What is a credit card?
This is the most important factor that affects your credit score.
What is paying your bills on time?
An example of this might be saving for a new car or a vacation.
What is a savings goal?
The first step in creating a budget is usually figuring out how much money you make.
What is income?
This magical nanny flies in with her umbrella.
Who is Mary Poppins?
Paying off your full credit card balance each month is an example of this.
What is being responsible with a credit card?
Keeping the amount of credit you use low is one way to do this to your credit score.
What is improving it?
This rule suggests you put 20% of your income towards savings.
What is the 50/30/20 rule?
Rent are examples of these types of expenses that usually stay the same each month.
What are fixed expenses?
Unlike a credit card, a debit card doesn't usually help you do this.
What is building credit?
Experian, Equifax, and TransUnion are the three main of these.
What is Credit Agencies
Being aware of these can help you find ways to save more money.
What are good spending habits?
The 50% in the 50/30/20 rule is typically allocated to these essential costs.
What are needs?
This is a common fee you might encounter if you spend more money than you have in your debit card account.
What is an overdraft fee?
This is what happens to your credit score when you have a lot of debt.
What is hurting it?
A good place to keep money you are saving for the long term.
What is a savings account?
A budget helps you make sure you don't spend more money than this.
What is earn?