debit vs credit
Pays using YOUR money
what is debit?
Money we GET from working each month.
what is Net Monthly Income?
Old customs, history, and following parents In line of work.
This type of personal spending plan tracks your income and expenses to ensure you don't overspend.
What is a budget?
This popular budgeting method directs you to allocate 50% of your income to needs, 30% to wants, and 20% to savings and debt payoff.
What is the 50/30/20 rule?
This key legal protection caps a cardholder's liability for unauthorized charges at $50 if a credit card is lost or stolen, whereas a debit card's liability can become unlimited if the loss isn't reported within 60 days.
What is the Fair Credit Billing Act?
money taken away after gmi.
what are deductions?
central government give all commands on what to make.
What is command economy?
List of things you keep under a price.
what is a budget?
Where You store YOUR money
What is a Bank?
Pays not using your money.
What is Credit?
Money before NMI
What is Gross Monthly Income, or GMI?
Consumers control prices.
What is market economy?
Where you use Their money.
Credit union.
Missing payments lowers your FICO score on this type of card.
what is a credit card?
If you’re making a budget, you should use this income.
Individual control with government regulation as well.
what is mixed economy?
Money you earn from storing your money
what is Interest?
Allows you to earn money.
what is a credit card?
reduce wealth gaps and social welfare.
What is Socialist economy?