Financial Literacy

What every teenager shouold know about credit

Benefits and Responsibilities of Buying on Credit

Credit allows you to buy things immediatley even if you do not have the money avaiable at that moment. You are required to make payments on your credit to pay off any purchases you make. If you do not pay your required payments there are servere consequences, such as increasing your interest rates or giving you various fees.

Advantages/ Disadvantages


*Immediate Withdrawel

* Security over "your money"

*Have rewards such as travel benefits


*Can cost you more over a long time due to interest and other fees

Flyer by:

Lilly Snider, Caragen Hudson, and Hannah Magee

Works cited

"Teenagers and Credit: Everything You Need to Know." Teenagers and Credit: Everything You Need to Know. N.p., n.d. Web. 12 Dec. 2014.