https://padlet.com/stephanie_menkveld/manq09k3ivl5 Credit cards and its advantages and disadvantages to families en-us 2018-06-15 12:55:07 UTC 2023-03-30 12:02:49 UTC hello@padlet.com stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267365957 In this padlet wall I am going to be discussing the advantages and disadvantages of credit cards to families. I will be going over various statistics about the topic and posting videos, websites and images to help you understand the topic further. I hope you learn as much as I did while researching this topic.]]> 2018-06-15 13:00:21 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267365957 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267372514 For a growing family saving money is key and if credit cards are that key than families will jump at the chance to sign up.This article lists the 18 best credit cards with the best rewards in 2018. It lists the advantages to each card and what you are gaining by signing up with them as well as their overall rating for the card. 
This article would be incredibly useful for someone who does not yet have a credit card but is looking to get one.]]> 2018-06-15 13:43:30 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267372514 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267374008 This website lays out all the facts of credit cards. It lists the pros (getting cashback and rewards, buying something quickly) but also the cons (debt, hidden costs) of credit cards. It is not written specifically for families but applies to everyone. Its a very interesting article that is easy to understand and that I found very useful and will probably consult later on when I do decide to get a credit card. ]]> 2018-06-15 13:53:45 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267374008 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267376279 This article is talking about how consumer debt is on the rise in Canada. Canadians are taking out larger loans and interest rates are getting higher. However this article says its nothing to worry about right now. Even though the consumer debt is rising peoples personal debt is falling. The article says that even though the debt rate is remaining steady that we should still be cautious with our money. Even though you may be comfortable with the bills you are paying now its important to have enough money that if interest rates rise that you can still make your payments easily. This is especially important for families that have many extra costs in their life.]]> 2018-06-15 14:08:44 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267376279 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267377578 This image was taken from an article about the credit card debt crisis. I believe this image encapsulates the stress and torment that debt can bring to someone. It can leave you feeling anxious and exhausted.]]> 2018-06-15 14:18:49 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267377578 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267393656 This image is taken from an article about the best credit cards for groceries. Credit cards that gain you grocery points are very important for families and I believe this image shows the happy result that comes from gaining rewards while you shop with your family.]]> 2018-06-15 16:47:37 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267393656 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267395274 I believe this picture shows what can happen if your credit card spending gets out of hand. Its important to keep conscious of how much you are spending on a credit card and if you can afford it. If you don't you could end up having to cut up your credit cards to limit any more unnecessary spending.]]> 2018-06-15 17:01:51 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267395274 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267395686 The video in this article lists some common questions that people have about credit cards such as "can I get a credit card with bad credit?" and answers questions about credit score and students getting credit cards. Its an article that families would find useful when debating on what credit card to get or just to answer some questions that they may have about their current credit card. I believe because this video is straight forward and easy to understand it would be valuable to anyone who doesn't know much about credit cards. I found it very useful and it taught me some good tips.]]> 2018-06-15 17:06:04 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267395686 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267396129 This short video tells the story of an american couple that unknowingly wracked up a huge credit card bill. They were thousands of dollars in debt before they knew it. They were putting everything from their honeymoon to everyday expenses on their credit card and it started to add up. It lists some of the tips that they used to cut down on their credit card use such as combining car insurance and reducing the amount that they eat out. After they came up with a plan on cutting back costs they started to tackle the larger debt. They started only using cash and used strategies and tips to pay off their larger credit card debt. In not to long they were debt free and back on track however this short video shows the damage that a credit card can do to a family.]]> 2018-06-15 17:10:49 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267396129 stephanie_menkveld https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267396755 2018-06-15 17:16:47 UTC https://padlet.com/stephanie_menkveld/manq09k3ivl5/wish/267396755