August Stimulating Tips for Teens’

Credit Card vs. Debit Card

Which will you choose to use?

Credit cards: are a convenient way of borrowing to purchase goods and services. Part of the agreement in using a credit card is that you must pay back a percentage of the amount charged. This payment amount will include an additional finance charge, this is considered the minimum payment. It is wise to always pay more than the requested amount if you can, to decrease additional finance charges and the next month’s minimum payment amount.

Debit cards: Be careful, both cards can look the same! Debit card transaction monies come from your checking account or direct deposit account from your payroll. Whenever you use your debit card, the money is deducted within 48 hours or less. Be careful not to over-spend using either card. Always stick to your budget and place alerts on your cards to help you so you don’t overspend and to alert you in the event of fraud.

Look for next month’s $timulating Tips discussion. Until then, Keep your mind on your money!

D’Lashelle Porter


L.A.L.A. Nonprofit Org.

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I am originally from Richmond, California. I have obtained over two decades of payroll experience and knowledge and hold a national payroll certification as well as a certification in financial education. I have been blessed to establish a nonprofit organization, L.A.L.A. Nonprofit - Leave A Legacy Always. The mission is to help you improve your quality of life through financial education, while learning how to leave a legacy always. We also help our youth understand how their payroll checks are calculated and provide financial educational assistance. L.A.L.A. Enterprise, LLC, is also established, as an indie-author, I self-published $agacious $candals, the first in a series. By the grace of God, I wear many hats as a parent, grandparent, and business owner. I have yet to achieve my ‘greatest accomplishment’ and I am looking forward to pursuing "it". Please stop by our website and subscribe for updates
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One thought on “August Stimulating Tips for Teens’

  1. Thank you for this information. We need to educate the younger people more and forwarded this message to my niece. Great read!

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