Money Value
3 quarters and 4 dimes=?
= $1.15
What is a debit card?
A plastic bank card, that uses money from a linked bank account to pay for things.
What is credit card?
A plastic card from a bank that lets you borrow money to buy things. But you have to pay it back
You have a small bill to pay, and your goal is to establish or improve your credit score. Which card should you use?
credit card.
Why: Responsible credit card usage is one of the most effective ways to build a credit history. Making small purchases and paying the balance in full and on time each month demonstrates positive financial behavior to credit bureaus. Using a debit card does not affect your credit score.
I have saved $50 dollars on my debit card to buy a new game for my switch, should I use all of my money to buy it or should i use my credit card to buy it
money on debit card
6 quarters and 2 nickles=?
Who has to go with you to open your our bank account if you are a teen still ?
your parent
Does a credit card let you borrow all the money in the world or only a certain amount until you can build up to the next amount
a certain amount first
You are on a tight budget for groceries this month and want to ensure you don't overspend. Which card is better to use?
debit card.
Why: Since debit cards pull money directly from your checking account, you can only spend what you have. This makes it easier to track your spending in real-time and prevents you from accumulating debt or being tempted to spend more than you have budgeted.
20 dimes, 3 quarters, and 1 dime
$2.85
$1 and 3 quarters=?
$1.75
True or False
You need to pay the bank back after spending money on a debit card?
what is good about having credit?
This history is called a credit score, and it's what banks and others use to decide if they can trust you with bigger things later on, like a car loan or a mortgage.
You are at a store and need to get some cash. Which card should you use?
debit card.
Why: A debit card is linked directly to your bank account and is the right tool for withdrawing cash from an ATM or getting cash back at a store. Using a credit card for a cash advance is very expensive, as it comes with high fees and immediate, high-interest charge
What will the bank look at when you need a loan ( to borrow money) for a big expense?
Examples: a house or car?
Credit Score
200 pennies 6 nickels and 2 dimes
$2.50
How many numbers are on the front of the debit card?
16
True or False
Having a Credit Card is a big responsibility
True
You're buying a small, inexpensive item at a local coffee shop. Which card should you use?
Either a debit or credit card is acceptable.
if I have each ball was $4 and I got 6 how much would it be?
$24
3000 pennies 4 nickles and 2 quarters
$30.30
what is the 3 digits in the back of the card called?
CCV or CVV
CVV
What is Interest
The extra cost of borrowing money because you will owe extra if you don't pay on time
Your best friend's birthday is coming up, and you want to buy them a cool gift that costs $30. You only have $10 saved up in the debit card. You have a credit card that lets you borrow money.
1. Can you buy the gift with your credit card? Why or why not?
2. After you buy the gift, do you owe anyone money?
3. If you only pay back $10, what happens to the rest of the money you owe?
1. Yes. A credit card lets you borrow money from the bank to make a purchase, even if you don't have enough money right now.
2.Yes. You owe the credit card company $30. It's not free money.
3.The bank will charge you extra money, called interest, on the remaining amount. The amount you owe grows bigger over time.
There are 6 pieces of candy in each box for $5. If I buy 12 boxes how much would I have spent?
$60