Credit Toon
Storyboard Text
- How can I manage my money?
- A spending plan helps manage your money by sorting out your monthly expenses and income. It gives you a clear insight on where your money goes and were it comes form. It also helps you plan for future expenses, such as a house!
- You budget! Or you make a spending plan.
- One Month Later
- I've recorded my spending for a month. Now what?
- To earn money means to bring in income to your household. That can be by allowance, fundraising, interest, working, scholarships, or a bonus.
- Now that you've sorted out your plan, what does it mean to earn money?
- Two weeks later
- I know how to manage my money , I also know how and where I can earn money, so how can I save money?
- Saving money can help you in the long run. Whether its for an emergency, future investment, or just extra money after retirement. Saving your're money in a(n) savings account with high interest rates is better than one with low rates.
- You can save many by leaving it in a savings account. A savings account with high interest rates is preferable.
- Three weeks later
- So I went to the bank like you advised me too, however they asked me if I was applying for a credit card. I don't really know what a credit card is or what its used for so I didn't answer them.
- To have a credit card means to borrow money to buy something. Its really beneficial if you want to buy a car or house since it helps build your credit. Higher credit score, lower interest rates.
- Tip/Hint: When opening a savings account you want higher rates. When borrowing money you want lower rates.
- One month later
- Its been about a month, how are you handling everything?
- The responsibilities of a card owner are: - Be aware, find what best works for you. - Keep track of your card. - Maintain all fees. - Speak out if there is an error. - Keep all information secure.
- I'm a bit confused. I don't really know my responsibilities or rights when it comes down to this thing.
- The rights of a card owner are: - The right to be informed- The right to complain- The right to consumer education. - The right to safety. -The right to choose. -The right to service
- What are my rights?
- Look down, and read.
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