Question: What percent of teens don’t know the difference between a debit card and a credit card?
- What is one major difference between a debit card and a credit card?
- What is one potential consequence of not knowing the difference between these two cards?
- Which card do you use more frequently? Why?
Behind the numbers (ChooseFI):
Imagine not realizing that a debit card immediately deducts money from your account. Picture what happens if you swipe a credit card, not considering the interest that accrues if you don’t pay your bill on time. Credit cards and debit cards look nearly identical, but they work in profoundly different ways. That’s why it’s important to have conversations about both types of plastic with kids.
Today's the last day to get your students' entry into the PAYBACK Challenge. Details here.
Shady Sam is an Arcade Game where your students learns the ins/outs of credit...from the lender's perspective!