https://padlet.com/sstirling4/i94j04bbvabpdh7 Post a money question or comment or something new you learned here! en-us 2021-11-12 16:25:36 UTC 2021-11-19 13:52:25 UTC hello@padlet.com https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887234567 Check cashing agencies charge you fees ]]> 2021-11-12 18:07:51 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887234567 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887234595 I learned that if you have a direct deposit it is more secure😍😍😍]]> 2021-11-12 18:07:52 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887234595 phoenixpoloway https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887235044 Such a good question... and one that doesn't have an easy answer. In 2020, the poverty rate in the United States was around 11%. Minimum wage is not enough money to live on, as we saw with our budget work. This is why degrees, certifications, etc, are needed to obtain jobs with higher paying amounts.]]> 2021-11-12 18:08:08 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887235044 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887235720 Check Cashing Agencies don’t protect your info and will charge you a fee.]]> 2021-11-12 18:08:32 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887235720 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887237139 how do you pay a credit card off early ??

Response from Mrs. Stirling: Great idea!! You just pay more than it says you have to! For example, you still owe 500 dollars on your credit card and you get a big paycheck for working overtime, instead of paying the minimum on the bill you pay the whole thing before it is due!]]> 2021-11-12 18:09:23 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887237139 22llino1 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887238075 Something I learn is that it is important to pay on time with your credit and to have good credit score. And to also keep it as high as you can because it helps you be more responsible with your money. ]]> 2021-11-12 18:09:57 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887238075 cameronblumberg27 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887238335 What happens if someone uses their credit card for a big purchase then dies? What happens with the money? Does someone else have to pay?

Response from Mrs. Stirling - what a GREAT question. When someone passes, there is an estate and lawyers involved. If debt is owed, then it needs to be paid back from the estate. Sometimes it can be discussed and lowered a little bit. And yes, debt collectors will try to come after family (next of kin) if there is no money in the estate]]> 2021-11-12 18:10:08 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1887238335 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1891991347 If you have a bad credit score what’s the fastest way of getting it higher?

Pay bills on time. Pay off loan before it is due. Do not make late payments or only pay the minimum.]]> 2021-11-15 17:59:59 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1891991347 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1891998694 Something new that I learned is that it’s safer to have your money in the bank. The FDIC protects your money. The maximum amount of money is $250,000 per account. ]]> 2021-11-15 18:03:25 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1891998694 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892000050 How long does it take to establish a good credit score

It depends! It takes years!]]> 2021-11-15 18:04:02 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892000050 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892000764 Is there a limit to how much you can spend?

On a credit card? YES! When you get approved for a credit card, you will have a limit on the card. This is the MOST that you can charge on the card. However, you DO NOT want to get close to this number. I recommend people just starting off with a credit card for the first time have a VERY low limit on their credit card.]]> 2021-11-15 18:04:20 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892000764 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892001811 Credit is a very useful tool to succeed financially but only if you trust yourself to get payments in on time ]]> 2021-11-15 18:04:45 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892001811 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892004726 I always thought of credit cards as a bad thing that cause problems but now I learned that they can help you get MORE money by paying lower interest and having financial credibility. ]]> 2021-11-15 18:06:00 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892004726 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892005108 I learned about FDIC and how it keeps your money safe and insured]]> 2021-11-15 18:06:11 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1892005108 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897512991 I learned that “real” is a currency]]> 2021-11-17 17:25:17 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897512991 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897514239 A Brazil dollar is called real]]> 2021-11-17 17:25:50 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897514239 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897514283 Money binds an economy together ]]> 2021-11-17 17:25:51 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897514283 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897518122 Today I found out that Brazils currency is called “real.” I also never new about investment accounts. I thought the money you get from investments goes to your savings.]]> 2021-11-17 17:27:22 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1897518122 22alezamadelarosa https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900343163 The biggest worry is that there won't be enough service workers in the workforce to help produce money for the economy.]]> 2021-11-18 18:58:20 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900343163 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900348966 I learned about how the pandemic has been the main contributor to inflation. I also learned about consumer price index.]]> 2021-11-18 19:01:01 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900348966 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900359144 2021-11-18 19:06:02 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900359144 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900379776 Overall, the main reason for the current spike in inflation is because of consumer spending on core goods. During some months in the pandemic goods spending was up by 20%. ]]> 2021-11-18 19:16:30 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900379776 https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900380249 Inflation and consumer spending isn't going well so far due to pandemic related issues, but they should get better once the situation improves.]]> 2021-11-18 19:16:44 UTC https://padlet.com/sstirling4/i94j04bbvabpdh7/wish/1900380249