Offers guidelines for using credit, discussing simple and compound interest; secured, unsecured, revolving, and installment credit; finance charges; annual fees; credit reports; the disadvantages of too much credit; and the importance of a good credit rating.
Explains what credit is, looks at different kinds of credit, and shows how to use basic math skills to develop financial literacy, covering credit card usage, installment loans, and wise use of credit.
Credit can be a valuable tool for building a solid financial future. But the misuse of credit can quickly become a nightmare of spiraling debt and ruined credit ratings. The teenage years are ideal for learning about the value of credit and the dangers of debt. In this book, teens will learn about various types of credit, the importance of using credit wisely, and how to avoid the pitfalls of too much debt.
Have you ever wondered why so many people use credit cards? This book introduces readers to safe credit-using strategies. Real world examples help readers learn the importance of math skills for money management. Callouts prompt inquiry, further thinking, and close examination of photographs. Additional text features and search tools, including a glossary and an index, help students locate information and learn new words.
the teens' guide to cash, credit, and life's costs
McGuire, Kara
Offers advice to teenagers about smart shopping, budgeting, building and managing credit, and the pros and cons of using cash, credit cards, debit cards, and gift cards.
"Examines credit and debt, including the various forms of credit, how to use credit, smart ways to manage debt, and using credit wisely to build a strong financial future"--Provided by publisher.
This book describes the consumer credit crisis, a time when consumers use credit irresponsibly, discussing the disadvantages of using credit cards and how credit debt led to the Great Recession of 2007-2008.
