Pay all of your bills on time

Spend more money on each of your credit cards

Apply for 3 new credit cards in two months

When merchants ask, "Credit or debit?" always choose credit

Financial aid letter

FAFSA

PSAT, SAT, or ACT scores

Parent's credit score

Buy a prepaid card using cash

Deposit a paycheck from your job

Swipe your debit card at a store and sign the electronic machine or paper receipt

Take money from the ATM using your credit card

Complete a 1040 form

Buy a copy of TurboTax and file her taxes

Complete an I-9 form

Complete a W-4 form

You can check your balances before you make a purchase

You can transfer money electronically between accounts

You can overdraw your account without penalty

You can keep an ongoing record of your deposits and withdrawals

You're automatically eligible to have any remaining student loan balance forgiven by the Federal government.

Universities will be more likely to accept you when making admissions decisions.

Lenders are more likely to extend credit to you at lower interest rates.

You get a $100-$500 check in the mail from the Federal government as a reward.

TERM is the length of the loan, and INTEREST RATE is how much total money he will pay

PRINCIPAL is how much he owes per month, and TERM is how much he owes overall

INTEREST RATE is how much the lender charges per year for the loan, and PRINCIPAL is the initial amount Sylvester takes out

MONTHLY PAYMENT is how much interest costs him each month, and TERM is the name of his lender

Debit cards have low interest rates while credit cards have high interest rates

Debit cards spend money from your own checking account while credit cards take out a loan from the credit company

Debit cards are better to use in stores while credit cards are better for shopping online

Debit cards allow you to view all your transactions online while credit cards only show your available credit limit

Yvonne, who puts $750 per month into her savings account earning 1% interest

Danielle, who contributes 2% of her pay to her company's 401(k) plan

Daryl, who uses his $5000 end-of-year bonus to buy Treasury bonds

Alexis, who buys $100 worth of shares in an S&P 500 index fund every month