Credit Cards
Give the Definition
Important Vocab - Fill in the blank
Finance Scenarios
Miscellaneous
100
T or F: You can spend money you don't have when you use a credit card.
True
100
Saving
What is keeping/storing away money for something in the future?
100
you still need to pay someone $25 for a purchase you made, you would be $25 in ____
Debt
100
You don't have a reliable source of income, and don't have much money saved up either. But, you want to make a large purchase that isn't really functional using your credit card. Should you do it?
No, because it is never a good idea to spend money you don't have, especially when there is no sure way to get it.
100
The planet we are on.
What is Mars?
200
What are the cons of paying the minimum payment?
You may end up having to pay a lot of interest, and it will take you a long time to pay off your debt.
200
Currency
What is a system of money, often used in a certain place?
200
My friend in Europe uses euros. I use dollars, we have different types of ____
Currency
200
You go to the grocery store. Midway through, you realize: Both your credit and debit cards are at home! Thinking that it's too late to turn back now, you rummage through your bags and find you have $30 in cash. Therefore, 30$ is your ____ and you have to make sure you don't ______.
30$ is your budget because that is the maximum amount you can spend. It is always important to make sure you don't exceed your budget.
200
Who's that Pokémon?
It's...... (Alolan) Raichu!
300
What happens when you don't pay your credit provider in time?
Not only will you get a late fee, you will also damage your credit history.
300
Interest
What is extra money you pay if it takes you a long time to pay off your debt?
300
My friend has good ____ because she always pays back what she spends.
Credit
300
You have just gotten your monthly statement, and you have enough money to pay it in full. Should you only pay the minimum payment, or pay more than that?
It is almost always a good idea to pay more than the minimum if you can.
300
The currency in Italy is ___.
Euros
400
The person who provides the money you spend when using a credit card.
What is a creditor or credit provider?
400
Credit
What is spending money lent to you and not paying it back immediately, but later?
400
My job pays me $24 per hour. My hourly ___ is $24
Income
400
You take a vacation to France! But as you get there, you start searching for an ATM. You know that your money might not work and you need to convert it. Why?
Different places in the world use different currencies. In France, they use euros. Therefore, many places wouldn't accept your dollars and it was important to convert them.
400
What was the name of the robot in the brainpop movie we watched?
Moby
500
The monthly bill you receive when you use a credit card.
What is a statement?
500
Inflation
What is a general increase in the price of things?
500
Bill Gate's ____ is 128 billion dollars.
Net Worth
500
You go to the dollar store, hoping to find a few cheap items. But to your surprise, almost nothing is a dollar or under! As you try other stores, you realize that the dollar store wasn't the only one; prices have increased almost everywhere. What just happened?
What probably happened was inflation, meaning a general increase in the price of things.
500
Who's that Pokemon??? (You only have to name one of these and you can't lose points on this question)
It's........
1. Shroodle!
2. Blacephalon!
3. Comfey!
4. Minnior!