Understanding Money: Cards and Cash

Front

Credit card definition

Back

to borrow money for purchases, pay later

Front

Debit card definition

Back

to spend money directly from bank account

Front

Cash definition

Back

money like coins and bills

Front

Credit card vs Debit card: source of money

Back

card uses borrowed money; debit card uses own money

Front

Credit card vs Debit card: payment timing

Back

card paid later; debit card paid instantly

Front

Advantage of using cash: spending control

Back

only spend what you have

Front

Advantage of using cash: no extra fees

Back

interest or bank charges

Front

Disadvantage of credit cards: overspending risk

Back

to spend more than you have

Front

Disadvantage of credit cards: interest charges

Back

pay extra money if not paid on time

Front

Planning purchases: cash vs credit card

Back

cash helps avoid debt; credit cards need careful planning