Financial Literacy for Everyone
Summit 2014

Watch the 2014 Financial Literacy Summit
Watch the Financial Literacy Summit webcast that addressed financial literacy needs of the unbanked and underbanked
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Money 101
Our free Money 101 Lessons and Student Workbooks help young adults learn the basics of money management.
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Finance for High School Students
Utilize our dynamic curriculum to teach your students the importance of personal finance. View the curriculum
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Cash Puzzler

New Online Game for Kids
Put the pieces of the puzzle back together to complete images of different bills and learn fun facts about money.
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Credit Pros and Cons

As with anything there are advantages and disadvantages to using credit cards. Your informed use of credit cards begins with understanding these.

Advantages

Immediate Access: Need a new set of tires? Credit can help with an expensive, unexpected emergency and give you the flexibility to pay it over time.

Security: Lose cash, and it's gone. Lose a credit card, and it can be cancelled. Also, if you report a lost or stolen card promptly, you're protected against its unauthorized use.

Record Keeping: Your credit card statement is an itemized list of your monthly expenditures, which can be helpful when it comes to budgeting.

Convenience: Credit cards are accepted at more places than checks, and they're generally faster to use.

Bill Consolidation: Bills can be paid automatically via credit card, consolidating several payments into a single lump sum.

Rewards: Using a credit card with a rewards program may earn you benefits like free travel.

Disadvantages

The main disadvantage to credit card usage is its cost to you in interest and fees. Wise use of credit means understanding those costs and acting accordingly. Keep track of your spending to ensure that you can repay your credit card bill in full when it comes due each month.

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