FINANCIAL KNOWLDGE LIFE SKILLS

Front

Using a credit card allows you to...

Back

purchase something now and pay for it later.

Front

All of these are examples of types of credit except: savings account, college loan, credit cards, car loan

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savings account

Front

Overspending and accumulating too much debt can ruin your credit score

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True

Front

Ms. S's credit score is 720, according to this graph, it is considered... (hint -don't let the little man fool you)

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good

Front

Credit scores are based on certain criteria such as religion, payment history, gender, marital status

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payment history

Front

If you withdraw cash from an ATM with your Credit Card, what happens?

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Interest will start to be charged right away.

Front

Fernanda is buying a bunch of flowers for a friend. Which statement represents an advantage of paying for this purchase with a check?

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She will have a record through her bank for the purchase

Front

This is a loan to purchase a home or other real estate.

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Mortgage

Front

This is the amount charged for borrowing money

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Interest

Front

This is insurance that provides death benefits to the survivors of the insured.

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Life Insurance