We know that there are two main types of cards: credit and debit, but what are their differences?
When you use a credit card, the money you owe would get stored in a place so you don't pay immediately. Then, after a period of time, usually every month, you have to pay all the money stored in that place. You might make too many transactions so that you don't have enough money to pay all of it! Then, it is called debt. Teenagers who still didn't learn how to manage money shouldn't have this card because before you know it, they will have a huge amount of debt!
No comments:
Post a Comment