Money Smart
What are a few "smart uses" of using credit? (pg. 54)
"Buying a home, purchasing a car, starting a business, and getting a student loan for college"
Who is Sanyika Galloway Boyce? (pg. 53)
"a first year college student at Norfolk State University in Virginia"
About how many high school seniors say they use credit cards? pg. 53)
"About a third of high school seniors say they use credit cards" (photo caption).
What is the average income of teens who have a job at the time this book was published? (pg. 52)
$1,631 per year
Identify the subject:
Puppies lick everything they see.
Puppies
Who decides the limit on your credit card? (pg. 54)
The bank decides
Why did Boyce stop to chat with the credit card-company woman? (pg. 53)
She was feeling stressed: "one stressful afternoon"
What happens if you only make the minimum payments on a credit card? (pg. 55)
How long will it take you to pay off a $1,000 credit card balance if the interests rate is 21% and you pay $23 per month? (pg. 55)
83 months (almost seven years)
What is the verb in this sentence?
Puppies that lick everything usually jump around, too.
jump
What question does the writer ask to convince the reader not to use credit on non-emergency things? (pg. 55)
"Do you want to be paying for a Friday night dinner date five years from now, when it will cost you twice as much and you won't even remember whom you were with or what you ate?"
What lesson did Boyce learn from using credit? (pg. 54)
"As she learned, shopping and charging when you don't have the cash leads to an agonizing nightmare of financial chaos"
What happened from the year 2011 to 2012 in household credit card debt? (pg. 57)
What is one consequence of paying your credit card bill late? (pg. 56-57)
- Banks learn about your "bad behavior;"
- You can lose the priviledge of using your card;
- Penalty fees
Identify the object:
Puppies that lick and jump on everything eat dogfood.
dogfood
Which section of the article is the most important to read if you want to know about when credit cards started? Name the section title.
"The History of Credit Cards"
What did Boyce think of students who used a credit card? (pg. 53)
What kind of a text is this? (pg. 53)
Magazine article
According to the text, what can help you "establish a good reputation with money?" (pg. 56)
"Using a credit card wisely"
What word describes working together with another person?
A.) Comprehensive
B.) Coordinated
C.) Collaborative
D.) Corresponding
Collaborative
Complete the sentence to define credit:
"Credit is _______________." (pg. 54)
"Credit is a temporary loan that must be repaid with interest."
Why are there quotation marks around the word "emergencies" on page 53?
Because a "new outfit for a holiday party, movie tickets, and dinners out on weekends" are not really emergencies.
What do we know about the girl who is shopping on page 55?
A.) She is at the mall;
B.) She is using her parents' credit card;
C.) She is buying clothes;
D.) She is shopping at an online store
D.) She is shopping at an online store
According to the text, what is "the best way to stay out of unneccesary debt?"
"Paying with cash"
How old is Mr. Bruce's daughter?
1 year old :)