Thursday, June 4, 2009

my eportfolio Financial

What is the best way to make sure you have enough money to pay your bills?
save the unimportant stuff,like ,for later.

Should you open a savings account – why?

Yes, you should open a savings account. You should because It will be a good source of backup money.

What are 3 ways to easily save money?

1). put it in a savings account.

2). spend it on less expensive items.

3). use your money less often.

Which should you use FIRST – a debit card or a credit card? Why

You should use a debit card first, then a credit card. because a debit card is using money from your own bank account, while the credit card is money paid by the company that you have to pay off later.

Why should you pay your bills on time?

You should pay your bills on time because your debts will really start to stack up every time you forget. for example, if you forget to pay a $500 bill, it will multiply to $950. and if you don't, that service will be discontinued

What is the difference between ‘need’ and ‘want’?

"need" is something that is essential, while "want" is something that is unnecessary.

Some examples of "need" are food, water, and shelter. Some examples of "want" are Video games, t.v, and Chia pets.

What is the consequence of bad credit-card management?

Your credit card service will be discontinued, and you will have a bad credit rating, which will entail the inability to get a loan for a house, a car, and other needs and wants

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