What are personal Savings?

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Should I save my money?

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What is a credit Score and how does it effect you?

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IS a credit card worth while?

Ever received a credit card offer in the mail? You will soon. Credit companies make a lot of money off of card holders... they want you to use their cards. They will find you. Credit offers typically come with a lot of papers written in very small print. Often, people don’t bother reading the “fine print.” That often means that they end up getting stuck with fees and charges that will surprise them. So how do you find a good plan? ​

Shopping for a Credit Card Activity
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What is the history of credit cards?

In class, brainstorm the pros and cons of having a credit card.  Here's a few:
PROS

• Credit cards offer protection against theft of your cash.
• You can buy items and services you need when you need them, even if you don’t have enough cash for them.
• Credit cards can be lifesavers, and your parents may want you to carry a credit card to pay for gas, repairs, emergency phone calls, etc.
• Managing your credit cards well can build up a solid credit history for the future.
• If you can use credit responsibly, you’ll end up a smarter money manager.

CONS

• Credit cards make it very easy to buy things that are out of your league, to the point where you can’t pay the bill when it comes due.
• When you carry a credit card, it’s tempting to buy on impulse and forget you’re actually spending money, or that you’re spending future income that you don’t have (and may never have!).
• If you only pay the minimum balance each month, it will take years to pay off the balance, and accumulating interest on that balance can make what you bought cost much, much more in the long run.
• If you fall behind on paying your credit card bills, it can damage your credit rating and make it harder for you to get loans in the future.

Watch the film "The Secret History of Credit Cards" from PBS.org.​

The Secret History of the Credit Card
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