Homepage Masthead
Liberty Street Economics Blog
E-mail alerts
RSS feeds
YouTube
FOLLOW US:

 
 
Financial Literacy in Action
Tutorial: Using Credit Wisely
 

Access http://www.consumerlaw.org/initiatives/bankruptcy/
content/using_credit_wisely.pdf

Read pages 1-2, “Ten Things to Think about Before Getting a New Credit Card . . . or Using the One You Have.” Explain your answers to the following questions:

  • What conclusions can you draw about using credit wisely from reading these pages?
  • What is meant by “Don’t apply for a credit card until you are ready?” Why is this considered good advice?
  • What is meant by “Interest rates are important in choosing a card, but not the only consideration?” What are some other important considerations?
  • Before using a credit card, why is important to “establish a realistic budget?"
  • Why is it advised that, “If you get into financial trouble, do not make it worse by using credit to make ends meet?”
  • Describe three important lessons you learned about using credit from reading these pages? Which is the most important lesson?
 
Credit - Tutorial: Using Credit Wisely
previous Previous | 10 of 12 | Next