Sofia’s family used credit to pay for a washing machine when their old one stopped working.

Why might they choose to use credit?

Noah and Lucas both need to pay for a training class that costs $800.

• Noah has $700 saved and borrows $100.
• Lucas has no savings and borrows the full $800.

Who will MOST likely have less debt after paying for the class, and why?

Which situation is an example of using credit?

Which purchase is MOST likely to require someone to use credit?

Maya wants to buy a bicycle, but she does not have enough cash with her.
She uses a credit card to pay for the bicycle and plans to pay the money back later.

What is one use of credit?

Which situation is an example of using credit?

Ethan used a credit card to buy concert tickets.
What must Ethan do later?

Select the two situations that show a person using credit.

Pick all the examples of using credit.

Select all the examples of responsible borrowing.

Olivia and Mason both want to buy bicycles that cost $300.

• Olivia has $280 saved and borrows $20 from a bank.
• Mason has $40 saved and borrows $260 for the same bicycle.

Who will MOST likely have an easier time paying back the borrowed money, and why?

Mia and her brother are comparing ways to pay for a new washing machine.

• Mia pays the full amount in cash today.
• Her brother uses credit and pays part each month.

What is true about using credit?

Select the two examples of using credit.

Olivia wants to buy a new tablet that costs more than the cash she has today.
Which choice best explains how credit can help Olivia?

Marcus used credit to buy a laptop for school. Which statement is true?

Select the two items people commonly buy using credit.

Pick all the situations where someone would need to use credit to buy something now.