Unique Story
Name one store Tianna and her mom went to.
Book store, farmers market, electronics store, shoe store, bank
It is important to be ___________ with your money before getting a credit card.
responsible
True or False.
The money for my debit card comes out of my checking account.
True! That's why you have to keep a budget to make sure there is always money in there for you to use
Danika wants to buy candy. She has $10. The candy costs $3. Does she have enough?
Yes! And you'll even have change left over!
Yes! If you want to open a savings account, you should deposit money into it every month. It's easy to do with online banking.
Name one form of payment Tianna and her mom used at different stores.
Cash, check, debit card, credit card
True or False.
Debit cards and credit cards are the same thing.
FALSE, credit cards give you a limit, and the money from debit cards comes out of your checking account
I have an unlimited amount of money on my debit card.
False! You only have however much money you have in the bank.
Doumel wants to buy new headphones for $20. He has $14 on his debit card. Does he have enough?
Nope sorry! No headphones for you!
I didn't pay all my money off on my credit card. Now I have _________.
A. loans
B. interest
C. heart burn
B. interest
True or False.
Tianna's mom took her to the bank so she could get a debit card and keep better track of her finances.
True
Everyone gets unlimited credit when they get a credit card.
FALSE! most people start off with a very small credit limit which is usually around $300 to $1,000
A. Getting paid
B. Getting fired
C. Making a wish for some money
A. getting paid
The only way to put more money into your checking account is by getting paid, or going to the bank to deposit cash
Yes! With money left over!
We talked about the 50, 30, 20 rule.
50% of your money goes to bills. 30% of your money goes to fun spending. What does the last 20% go to?
Savings!!! Save all the money you can when you're young!
True or False.
Tianna got a credit card.
False, Tianna's mom said she was too young and needed to learn more responsibility before she could have a credit card
True or False.
I need my parents permission and consent if I want to get a credit card before I'm 18.
True, your parents have to go with you to the bank and help you sign papers
True or False.
It is ok to share my PIN number with my friends and family.
FALSE! Don't ever share your PIN number, even with your best friend
Tarel wants to buy a bike. The bike is $110 and he has $125 on his debit card. Does he have enough?
Yes! Go buy that bike!
True or False.
It is okay to use your credit card after you've hit your limit.
NO NO NO! If you do that, you owe even MORE money when the bill comes in and will end up paying MORE interest!
Multiple Choice.
Which one of these stores did Tianna and her mom NOT go to.
A. Shoe store
B. Ice cream parlor
C. Bank
B. ice cream parlor
Name one type of credit card company or bank that would give you a credit card.
PNC, Capital One, Discover, Bank of America, TD, etc.
Can I pay my credit cards bills using my debit card?
Yes! That's what its there for!
Delenine wants to buy new shoes for $200. He has $90 on his debit card. Does he have enough?
Nope, sorry! Better save some more money!
Gila's credit card bill this month is $50. Should she pay the total amount? Or should she only pay $20?
Gila HAS TO pay the full amount. Your credit card bill is different than your total amount. You have to AT LEAST pay whatever the bill is telling you what you owe.