https://padlet.com/mildredm_herrera/jb1j37ogladv Is essential to have knowledge of personal finance because is a skill that's nessesary. en-us 2016-03-17 13:56:33 UTC 2025-11-17 23:33:45 UTC hello@padlet.com https://padletuploads.blob.core.windows.net/aws/105099865/e401271f7e6cb5f3548e72f152a625cb43dcac63/0b3c4d5556577b083f59ca14215af334.jpg mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101542632 Personal finance is the understanding and management of monetary resources]]> 2016-03-17 14:15:41 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101542632 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101750539 Being capable of understanding how money works in the world and how to manage one's own money.]]> 2016-03-18 13:42:00 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101750539 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101751708 "Typically, teens learn financial management skills in school or in the home, but parents today are not as confident in their abilities to teach financial literacy "(Tuggle).
This is because many parents are facing financial crisis or strained budgets that gives them the idea that they are not the right person to discuss this subject with their children. The present economic downturn plays a major role in the communication between a parent and a child about money. Tuggle suggests that even if the parent is struggling financially, is essential to discuss the importance of financial management with a child.]]> 2016-03-18 13:46:23 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101751708 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101757374 2016-03-18 14:08:53 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101757374 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101758263 " Teens are brought into an environment where you use plastic for most of your big purchases and if you need cash you go to a little machine and money comes out."]]> 2016-03-18 14:11:56 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/101758263 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104590088 Debit Cards
1.Debit cards are linked to your bank account so the money you spend is automatically deducted from your account.
2.There’s another benefit as well: Unlike credit cards, your bank balance goes down with each debit card transaction, so you’re less likely to overspend. ]]> 2016-04-07 13:50:08 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104590088 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104592994 Credit Cards
1. You can spend more than you have — or postpone paying, at least — and you typically get better rewards and better protection than you do with debit cards. Is The banks money
2. They help build your credit, as long as you pay your bills on time. Some also offer rewards that you can use to get gifts, cash back or discounts for products, services and special events.]]> 2016-04-07 13:58:40 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104592994 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104595939 Is important to have a logical financial plan.]]> 2016-04-07 14:08:37 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104595939 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104596406 Discuss personal finance with a professional.]]> 2016-04-07 14:10:14 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104596406 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104597601 Example of what a financial plan can look like.]]> 2016-04-07 14:14:09 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104597601 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104598412 2016-04-07 14:17:09 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104598412 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104801645 1. " For many college students, this starts the moment they take on a student loan. "  
College graduates or student establish their first line of credit through student loans. From the moment this loan has been established credit bureaus are tracking how financially responsible that student is.
2. "Student loans are considered installment loans, and paying these on time can help your credit score,"
An installment loan is a loan that is repaid over time by the person who gets approve for the loan with scheduled payments; it can either take months or years to pay off a loan.]]> 2016-04-08 13:45:11 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104801645 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104805550 It is not only a good idea to get a credit card, but is also very essential.There are multiple benefits to having a credit card, such as being able to spend more money than what's on your bank account. This is because credit cards allow you to use the card issuer's money as long as you pay the money back later, generally in a short period of time to avoid paying high interest rate. A credit card is another way to build up one's credit. As stated in the article Your Credit Score: After College, It's the One Grade That Matters Most by Erin Lowryn "According to Griffin, credit card debt is one of the most important factors in the bureaus' determination of your credit score", In other words the author of this article is saying that not handling a credit card responsibly can greatly affect how credit bereaus rate your credit score. Although there are certain disadvantages to a credit card, for example, damage credit or high interest rate. A credit card is important because it helps establish your credit score. ]]> 2016-04-08 13:59:26 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104805550 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104809550 2016-04-08 14:15:27 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104809550 mildredm_herrera https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104809630 2016-04-08 14:15:45 UTC https://padlet.com/mildredm_herrera/jb1j37ogladv/wish/104809630