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diff between saving and checking, credit card and debit card, and paid inte
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- Šmykľavka: 1
- what's the difference between saving and checking?
- The difference between saving and checking account is that checking accounts are made for long term goals. like if I wanted an item, it helps you save that money, but little to no interest goes into that account.
- a saving account is for secure, and garanteed interest. its also better to store long term goal money inside, not money for daily needs. with the interest added each day or month, you could make around 250,000 of interest.
- Šmykľavka: 2
- What's the difference between a debit and a credit card?
- well, debit cards are directly from your checking/bank account, or any financial account you hold money in. debit cards help you prevent from going in debt.
- credit cards, on the other hand, use the banks money, not yours. with a credit card, you borrow money from the bank, and your expected to pay it back, kind of like a loan. while credit cards do build up credit scores, you can get your money out of the bank easier, and, again, prevents you from going in debt.
- Šmykľavka: 3
- interest earned is when you receive money from a bank, while interest paid is when you owe for borrowing funds, like if you used a credit card. with interest payed, you also get more interest.
- what's the difference between interest paid and interest earned?
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Na Vyskúšanie nie je Potrebné Žiadne Sťahovanie, Žiadna Kreditná Karta a Žiadne Prihlásenie!
