Financial Literacy
Chapter 5: Managing Credit
5.2 What Are the Advantages and Disadvantages of Credit
What Are the Advantages and Disadvantages of Credit - Financial Literacy - أول ثانوي
Chapter 1: Income
Chapter 2: Spending
Chapter 3: Saving
Chapter 4: Investing
Learning Objective What Are the Advantages and Disadvantages of Credit?
Key Terms What Are the Advantages and Disadvantages of Credit?
Credit Score
Advantages and Disadvantages of Credit
How can you build a good credit score?
Advantages of Credit
2. Security
3. Convenience
4. Leverage
5. Benefits
Should you use credit for all of your purchases to maximize the potential advantages?
Disadvantages of Credit
2. Reduction of Future Buying Power
3. Overspending
4. Identity Theft
purchases on your credit card without your knowledge,
Credit scores are NOT important when applying for financial products.
Identity theft can negatively affect your credit score.
It is important to use credit responsibly.
Which of the following statements is NOT related to overspending?
Which of the following is NOT an advantage of credit?
How can you ensure that you use credit responsibly in the future?
