Money Management For Kids: 3 Tips To Build Your Credit Score

Money Management For Kids: 3 Tips To Build Your Credit Score

Assessment

Interactive Video

Life Skills, Other, Physical Ed, Business

KG - University

Hard

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Danielle from First Interstate Bank explains credit scores, a three-digit number indicating creditworthiness. A higher score offers more financial options. To build your score, consult a banker and follow three steps: pay bills on time, use only 30% of available credit, and maintain a long credit history. A high score benefits not just loans and credit cards but also employment and rental opportunities. The video emphasizes the significant impact of credit scores on financial life.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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