Financial Literacy

Financial Literacy

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  • Phew! I'm so relieved! I just got myself a credit card!
  • BANK
  • I just got a debit card!
  • Why? A credit card is better. You only have to pay your expenses by the end of the month.
  • BANK
  • Yeah, but if you don't pay them back in time, they will charge you interest.
  • True, but if you lose your card, you have to pay $500 dollars instead of $50
  • BANK
  • With debit you can't go into debt because it's your own money.
  • Yes! It is something, typically money, that is owed or due.
  • BANK
  • Do you know what debt means?
  • Well, saving you money is safer than investing it but...
  • One more question. Which one is better? Saving or investing?
  • You will most likely earn more money when you invest.
  • Oh ok!! Thanks!
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