Credit and Responsibility TEKS 3.9D

What does it mean to use credit?

• To earn money

• To borrow money

• To find lost money

• To give money to a friend

When you borrow money, what do you usually have to do later?

• Spend it all

• Forget about it

• Pay it back

• Keep it forever

What is interest?

• Money you save in a jar

• Extra money you pay back when borrowing

• Free money you get for shopping

• A toy store reward

• $1

• $2

• $10

• $12

Why is it important to be careful when using credit?

• You might get a gift

• You always get money for free

• You have to pay back more than you borrowed

• It makes you rich

Which of these is an example of using credit?

• Saving $20 in a piggy bank

• Asking your friend for $5 to buy a snack

• Donating $10 to charity

• Counting your coins

• Budget

• Savings

• Interest

• Loan

Which choice shows being responsible with credit?

• Borrowing more than you can pay back

• Forgetting to return money

• Paying back your loan on time

• Never planning your spending

Using credit means you never have to pay money back.

• True

• False

• Hide from her

• Ask for more money

• Pay her back $6 when you can