Groceries

Rent

Entertainment

Clothing

To pay for vacations

To cover unexpected expenses

To invest in stocks

To buy luxury items

$5

$10

$15

$20

The amount of money you borrow

The fee paid for borrowing money

The total amount of money in your bank account

The cost of groceries

Spending all your income

Creating a budget

Ignoring your expenses

Using credit cards for all purchases

A measure of your ability to repay loans

The amount of money in your savings account

The interest rate on a loan

The total amount of your debt

$5

$50

$100

$500

It allows you to write checks

It earns interest on your deposits

It provides a credit score

It allows you to borrow money

Mortgage payment

Car insurance

Utility bills

Student loan payment

$$I = P \times r \times t$$

$$I = P + r + t$$

$$I = \frac{P}{r \times t}$$

$$I = P \times r + t$$

$1,200

$2,400

$3,600

$4,800

A card that allows you to borrow money from the bank

A card that deducts money directly from your checking account

A card that earns you rewards points

A card that increases your credit score

It helps build your credit history

It allows you to avoid paying bills

It increases your debt

It reduces your savings

To save money for future expenses

To protect against financial loss

To earn interest on your savings

To increase your credit score