Credit
spend wisely:
Only buy what you can afford. If you can't pay it back soon, you might end up owing more money because of interest.
1.
Pay on time:
Always pay back what you borrowed every month. If you don't, you might have to pay extra fees.
2.
Keep track :
Keep an eye on how much you spend. It’s like keeping a budget so you don’t spend too much.
3.
emergency use:
Use credit cards for emergencies, not for everyday things you want. Save them for important needs
4.
Example
Good Use: Your bike breaks, and you need it to go to school. You use a credit card to fix it and pay it back when you get your allowance.
Bad Use: You see a cool toy and buy it with a credit card, but you can't pay it back. You end up owing more money because of interest.
By using credit responsibly, you can make sure you don’t owe too much money and keep your finances in good shape!