say-BEEngs with ma'am BEE

say-BEEngs with ma'am BEE

by Ruby B. Anzano

Financial Advisor/Wealth Specialist

​In today’s world, credit is integrated into everyday life. From renting a car to reserving an airline ticket or hotel room, credit cards have become a necessary convenience. However, using credit wisely is critical to building a solid credit history and maintaining fiscal fitness. While most students have a general idea about the advantages and disadvantages of credit, this webinar provides an opportunity to discuss these issues in more detail.

Open Ended

Bakit kaya may utang ang isang tao?

Multiple Choice

Able to buy needed items now

• advantage

• disadvantage

Multiple Choice

Interest (higher cost of items)

• advantage

• disadvantage

Multiple Choice

Increased impulse buying may occur

• advantage

• disadvantage

Multiple Choice

Financial difficulties may arise if one loses track of how much has been spent each month

• advantage

• disadvantage

1. ​character—will you repay the debt?

2. capital—what if you don’t repay the debt?

3. ​capacity—can you repay the debt?

​1. SAVINGS

Emergency Fund 3-6 months

​

2. PROTECTION

Combination of health and life insurance in between

(L-I-F-E) “IF”

​

3. PLAY FUND

Shopping, traveling, hobbies and short-term fund

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4. INVESTMENT