PPT-Credit Card Debt Good vs. Bad Debt

Credit Card Debt Good vs Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate 1617 When credit card bills are paid off within a month no interest is paid. . . By Hema Moryani. Basics of Debt . They are contracts in which one party lends money to another at certain pre determined terms. By Kirsten Crame & Chris Morton. Disclaimer: the opinions expressed in this presentation are those of Chris Morton and/or Kirsten Crame and are not necessarily the opinions of Crowe Horwath. . EVERYTHING YOU NEED TO KNOW ABOUT FINANCE. 3% examples. Revised . April 2015. 2. Marsha A. . Goetting. . Ph.D., CFP. ®. , CFCS. Professor & Extension Family Economics Specialist. Department of Agricultural Economics & Economics. 3. Credit Cards. Tuesday, Jan 21. st. Class Overview. Intro to Credit. Story. Credit Card Debt. Consumer Credit. Dangerous Debt Practices. Credit Card Debt. Credit has become an essential financial tool and a convenience. Agenda. Start time: ____ . Break time: ____ (10 minutes). End time: ____.  . Please set phones to silent ring and answer outside of the room.. How I Feel About Credit and Debt. How do you feel about being in debt? Here are some sample statements. Check the one that is closest to your own attitude.. To define debt and identify the various types of debt and bankruptcy.. To differentiate between good debt and bad debt.. To analyze the different social and economic consequences of bankruptcy.. To identify the sources and consequences of excessive debt.. Mansfield University TRiO. . Melissa Wise. -First Citizens National Bank. Credit TOPICS. Credit. Credit Scores. Using Credit Wisely. Credit Cards. Credit Programs. According to Citibank, “There are presently 5 to 7 million Americans who are financially overextended.”. Outstanding money owed by consumers. Examples. Credit Card Debt. Student Loans. Mortgages. Why Is This Important?. Americans Love Debt. At the end of 2010, Americans had $1,117,000,000 in CREDIT CARD DEBT. What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?. by . T. Current as of September 2014. U.S. household consumer debt profile:. Average credit card debt: . $15,607. . Average mortgage debt: . $153,500. . Average student loan debt: . $32,656. . In total, American consumers owe:. Average Mortgage Debt: $150,000 . Average Student Debt: $33,000 . What is debt?. Debt . - M. oney owed . to a lender for a set of terms . including . time frame, interest rate, and repayment . schedule. What are things you want to buy right now?. Are they wants or needs?. What is Debt?. When someone owes more money than they have.. Questions to Ask your self before spending. Can I afford it?. How will I pay for it?. . . By Hema Moryani. Basics of Debt . They are contracts in which one party lends money to another at certain pre determined terms. The Benefits of Reading Books