Standard 3 Students will understand principles of money management. Objective 2 Understand credit uses and costs. Objective 3 Describe the impact of credit on money management. Credit. A legal agreement to receive cash, goods, or services now and pay for them in the future.
Did you know 61% of adults said their knowledge of credit reports is fair to poor?Did you know only 3% of adults can name the three main credit reporting agencies? Can YOU?
Source: Consumer Federation of America
Interest never sleeps nor sickens nor dies;
It never goes to the hospital;
It works on Sundays and holidays;
It never takes a vacation;
It never visits or travels;
It takes no pleasure;
It is never laid off work nor discharged from employment;
It never works on reduced hours