October 26, 2021


#1 Online Destination For All Things Pretty and Creative in Business and in Faith

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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