Credit and Debt
Gods
words to financially illiterate high school students
If you get a job you should know that your paycheck get deducted. Most employers will direct deposit your money if you have an active checking account. Once the money is in your checking account you can use that money to pay for things on your debit card. If you get a credit card you will have to borrow the money and pay for it later, only use credit on things that are absolutely necessary. If you have to get loan for college try to get a job while you're in college, and don't spend your money frugally. To start building a credit high schoolers need to purchase things on credit and pay it back on time.
College students and or young full time workers
This picture represents the stress and anxiety that comes with having a credit card. When paying bill you should pay them fully and on time. They should also beware of using credit. Getting a loan for a College student might be hard because they don't have credit history. A good way to build up is to pay your credit card statement each month and on time. A college should also have a savings account. Paying your bills on time is crucial to maintaining a good credit score.
manage credit and debt, young adults (22-50)
At this age you should be able to know what you want and at least have a hint how to get it. Being middle aged adult is hard too many responsibilities that's why you have to be smart and know how to spend your money. You should try not to get in to too much debt and try to build your credit. And you should get a loan for house or car these items can be sold you can make money out of it. The positive aspect is that you can have a great credit score if you're paying your bills on time and payed all of your student loans this can boost your credit score. But if you're in a lot of debt, you're passing due dates to pay your bills this can affect your credit negatively. You can protect your credit score by not getting loans you can't afford, by paying your bills ontime , by not spending money on thing you don't need.