Taxes
Tax on personal or business property
Property Tax
A card that uses borrowed money from a lender
Credit Card
A card that takes money directly from your checking or savings account
Debit Card
What is one pro of using a debit card?
You can't spend more than you have; no interest; use ATM to get cash
Tax on a person's earnings
Income Tax
A "fee" that you pay to borrow money
Interest
PIN (Personal Identification Number)
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
A general tax on consumer products at stores.
Sales Tax
A number used by lenders to see how likely you are to pay them back
Credit Score
True
What is one con of using a credit card?
Interest fees; possibility of spending more money than you can pay off
What are taxes used for?
To help fund things like education, public safety, roads and highways, etc.
What is the biggest factor in impacting your credit score? Either positively or negatively.
Payment history; making your payments on time
How do you get a debit card?
Go to a bank and open up a checking account.
What is one pro of using a credit card?
You can purchase things without having the cash on hand; great for emergency situations