Manage Your Credit for ALL Ages
A bank is a place were you can go to store or invest your money. Their are different types of bank accounts, but the big ones are savings and checking accounts. In a checking account you can access your money anywhere there is an ATM. With a savings account you put your money in the bank and they pay you interest for keeping your money with them.
Credit is a tricky thing. There is good credit and bad credit. You want good credit. If you take out a loan for college there are things that you can do to pay your debt and get good credit. One is always pay on time. Secondly, always pay more them the minimum. Never get more then you need to keep the debt low
One way that you could build your credit is too take out a small loan and but it in a savings account. Pay back the loan, using the tips above, from the savings account. This a great way to learn how to manage money and build up your credit score.