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Credit - Money Munchkids

Credit

Credit is essential part of our finances and requires good knowledge to be handled wisely. Knowing about various concepts like credit score, good and bad credit can help you in making better financial choices. Explore our resources to learn more on credit.

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Difference Between Debit Cards & Credit Card (Kids)

Difference Between Debit Cards & Credit Card (Kids)

If you have ever gone shopping with one or both of your parents, you may have seen them pay using a plastic card instead of dollars and coins. You may have had questions, such as “What is that plastic card? Is there money in there? Can I have one?”

External Sources

Money Munchkids is not affiliated with, does not benefit from promoting and does not endorse any of the website or companies listed below. We have placed them here purely for educational purposes.

What is Credit and Why is it Important?

Three students laughing and studying together at school.

Credit is part of your financial power. It helps you to get the things you need now, like a loan for a car or a credit card, based on your promise to pay later. Working to improve your credit helps ensure you’ll qualify for loans when you need them.

What is a Credit Report and Why is it Important?

Man Checking Out his Credit Report

If you’ve ever had a credit card, loan, or debt collection, then you likely have a credit report. Credit report is also a requirement when applying for a job. So what is a credit report and how does it affect you?

5 credit card mistakes to avoid

Credit Cards

Credit cards are a financial tool that can lead to great rewards and benefits, but if mishandled can lead to huge costs, fees, and damage to your credit. Be sure to avoid these five credit card mistakes when using and managing your favourite cards.

 

5 Reasons Why Good Credit Matters

Woman working

Society is becoming increasingly dependent on using credit to make purchases and decisions. These days, good credit is used for more than just getting a credit card or a loan. Learn more reasons why good credit is a need of the present day.

What is a ‘bad’ credit score—and what to do if you have one

Image result for credit card stacked up image

A credit score is an important measure of financial health. Here’s an explanation of how these scores are determined, what’s considered a good or bad one, and some tips on how to establish, improve and maintain good credit.

A Guide to Credit Card and Airline Points

in flight meal

There are two types of people in this world: people who are obsessed with amassing airline miles and those who aren’t. For the people who aren’t, the former group can seem an intimidating, mystifying bunch. So take a deep breath and dive in.

 

Mobile Apps

Money Munchkids is not affiliated with, does not benefit from promoting and does not endorse any of the website or videos listed below. We have placed them here purely for educational purposes.

Credit Karma

Image result for credit karmaCredit Karma provides three credit services for free, access to credit score, credit report, and credit monitoring. It also gives details about factors affecting your credit score, recommendations to improve it, and product suggestions to help in saving.

Books

Money Munchkids does not have an official partnership with any of the brands, authors or publishers below. Money Munchkids retains the right to utilize an affiliate link.

Credit Card & Debt Management

Which credit card is REALLY offering the best deal? How do you refinance debt using existing credit cards? Why is it sometimes better to use credit cards instead of a home equity loan? How long will it take to pay back ALL your debt? The answers to these and many more questions are contained in this powerful guide to consumer credit management. By applying these valuable strategies, it is possible to save thousands of dollars!

How to Master the Credit Card Game

The Skinny on Credit Cards, How to Master the Credit Card Game. Finally, someone has written a book which is clear, concise and comprehensive on the subject of credit cards. The Skinny on Credit Cards will be helpful to everyone from the young adult getting his or her first card to the older adult who has used cards for years and never really totally understood the rules of the game.

 

Videos

Money Munchkids is not affiliated with, does not benefit from promoting and does not endorse any of the website or videos listed below. We have placed them here purely for educational purposes.

How to Improve your Credit Score?

Debit and Credit: 2 Very Different Cards

Is There a Reason to Carry Multiple Credit Cards?