Taxes
Credit
Debit
Pros & Cons
100

Tax on personal or business property

Property Tax

100

A card that uses borrowed money from a lender

Credit Card

100

A card that takes money directly from your checking or savings account

Debit Card

100

What is one pro of using a debit card?

You can't spend more than you have; no interest; use ATM to get cash

200

Tax on a person's earnings

Income Tax

200

A "fee" that you pay to borrow money

Interest

200
The passcode or number used to keep your debit card secure

PIN (Personal Identification Number)

200

What is one con of using a debit card?

Card can be declined if you don't have enough money in your account; you can't build a credit history with a debit card

300

A general tax on consumer products at stores. 

Sales Tax

300

A number used by lenders to see how likely you are to pay them back

Credit Score

300
True or False: You can use your debit card to withdrawal cash from an ATM

True

300

What is one con of using a credit card?

Interest fees; possibility of spending more money than you can pay off

400

What are taxes used for?

To help fund things like education, public safety, roads and highways, etc.

400

What is the biggest factor in impacting your credit score? Either positively or negatively.

Payment history; making your payments on time

400

How do you get a debit card?

Go to a bank and open up a checking account.

400

What is one pro of using a credit card?

You can purchase things without having the cash on hand; great for emergency situations

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