Using Credit Wisely

Cody Beesler

Credit Card vs Debit Card

Debit Card- purchases deduct money from your current account from funds that you already have available

Credit Card- run up an amount of money that you will owe in the future, a balance that you will be required to pay back at a later date.

Three ways to develop a positive credit history

  1. Set up a budget and live within it
  2. Only borrow what you can afford
  3. Start with only one credit card

five different financial apps and/or websites that help people manage their money

  1. Buxfer
  2. Yodlee MoneyCenter
  3. Mint
  4. Clear Checkbook
  5. Mvelopes

Positives and Negatives of using credit

Positives- immediate access ,Security , rewards


Negatives- Interest, fees, overdue payments


What is APR and why is it important to know when applying for a credit card?

Annual percentage rate- a numerical representation of your interest rate

When and where can you order a free credit report? Why is it important?

you can go to many websites but be carefully for identity theft and make sure the website is safe.

Annual Credit Report.com is a good one

your credit report is very important because it is a life line in a way you need good credit to be accepted for houses, car loans everything.