Credit Cards & Debt

A credit card is a plastic card issued to consumers by a bank or other financial institution that can be used to purchase goods and serivces or borrow money agaisnt a revolving line of credit.

Debt is money that is legally owed to another individual or business.

Reference: Time Maps Spending Decisions Lessons 2 & 4

 ***YOU COULD EASILY FALL INTO DEBT IF YOU DON'T MAINTAIN A FORMAL BUDGET!!!!***