Personal Finance Today’s Agenda:

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Presentation transcript:

Personal Finance Today’s Agenda: Hand in researching mutual funds assignment (Its very LATE!!! I will not accept it after toDAY) Hand in Spreadsheet for the stock market game (Its LATE!!!) Credit Card interview: its late!!! Notes on: Credit Laws Credit Card Statements FICO Scores Exit Pass

Citi-Simplicity Card

For New Accounts: Standard APR is 26. 99% For New Accounts: Standard APR is 26.99%. Minimum interest charge is $2.00 This is regardless of credit score **No interest if paid in full within six months. Offer applies to purchase or order of $299 or more made on your Lowe’s® Consumer Credit Card. Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within six months. Minimum monthly payments required. No interest will be assessed on the promotional purchase if you pay the promotional purchase in full within six months. If you don’t, interest will be assessed on the promotional purchase from the purchase date. Depending on purchase amount, promotion length and payment allocation, the required minimum monthly payment may or may not pay off purchase by end of promotional period. Some or all of the minimum payment based on the promotional balance may be applied to other account balances. Regular account terms apply to nonpromotional purchases and, after promotion ends, to promotional purchases.

Cash Advance vs Personal loan

Shopping for my first Credit Card Do credit unions offer lower rates? Yes, as a young adult, it will take you 6 months to establish credit history and an accurate credit score. Best to look around.

What are payday loans? https://youtu.be/BHTMuHvmarU More info: http://www.investopedia.com/terms/p/payday-loans.asp

What is the best way to increase your credit score What is the best way to increase your credit score? To make multiple small purchases or one large purchase? Are you paying off each purchase by the end of the month? Both are acceptable and will increase your credit score by the same amount.

How old do you have to be to get a debit card? 18 if you want to open your own checking account because the law treats you as an adult.

Does cash get removed right away when I use my debit card? No, it usually clears at midnight unless you signed your name instead of entering your pin