Credit/Debt
What is credit?
This type of account typically earns more interest than a checking account?
This is a plan that helps you track income and expenses
What is a budget
How much should a teen get on a credit card to build credit.
What is $500
ATM's, mobile apps and deposits are services provided by these
What are banks or credit unions
You want new sneakers for $100 and a new phone case for $25, but only have $80. What's a smart budgeting plan?
Wait to buy one time, save more money, or wait until you can buy both and still have money left over.
APR stands for this
Annual Percentage Rate
Is there a penalty fee charged when your account goes negative?
YES
This term refers to money you earn, like a job or allowance.
What is income
Carrying a balance on this type of account can lead to high interest charges?
What is a credit card?
This digital tool helps you access your bank account through a smartphone or computer
Wants and needs are the same when creating a budget
False
This 3-digit number helps lenders assess your credit worthiness?
What is a credit score
You use this type of card to pay directly from your bank account
What is a debit card
If you run out of money, using a credit card is always a good solution.
False