Credit
What is Credit
the ability of a customer to obtain good or services before payment, based on the trust that payment will be made in the future.
What is tax
Tax is extra money that people pay to the government.
What is a need
Something you need to survive
What is a budget
A budget is a financial plan for your spending.
what is a money personality
A money personality is a way you choose to spend your money.
What is Credit score
A number that shows your trustworthiness in paying back money.
What is property tax
Tax collected when you own or buy a property
What is a want
Something that is good to have but not necessary for survival.
Why do you need a budget
You need a budget to help you not overspend and save more money.
what is a good personality?
spending less and saving more.
What is a good Credit Score
650-750
What are tariffs
Taxes on imported goods
Why is it important to not spend money on a want
You can save money for needs or when you come upon a emergency.
What is a weekly budget
A weekly budget is budget that is made for the week
what is a bad personality
spending more than you can afford, and saving less
What a bad credit score
under 600
Why do different states have different tax rules, even thought they're all part of the same country?
States have different tax rules because each state is allowed to make its own money laws.
What is a phone a need or a want.
It is a want.
A monthly budget is a budget that you make the help control your money for the whole month
what are outcomes of a good personality?
better credit, money in emergencies.
If someone uses a credit card to but something for $50, but they don't pay the bill on time, what is one thing that could happen to them?
They get charged a late fee, and there credit score can go down.
It can ruin the whole economy, and cause inflation.
Is transportation a need or a want.
transportation is a need and a want
What is a yearly budget.
A yearly budget is a budget that you make to help control your money for the whole year.
what are outcomes of a bad money personality?
Going in debt in emergencies, and low credit.