fis200_appendix_b - Debit card used many times as debit or...

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Axia College Material Appendix B Personal Money Matters Fill in the following table. In the boxes, identify the sources of money that could be used for each purchase. Additionally, include a brief explanation of the pros or cons of using the source identified for each purchase. Cash Checking Account Savings Account Credit Card Loan Investments Groceries Often used as primary currency in small applications. Used weekly for the majority of shopping for the week. Never used for groceries. Credit cards are very seldom used. N/A N/A New Car Not used. Maybe for a down payment. Not used Maybe for a down payment, or used car. Perfect fit in most cases. N/A Gas Most often used weekly. By Debit card, used often. Not used Not often used for gas. N/A N/A A Vacation Often cash is used in many aspects of vacation.
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Unformatted text preview: Debit card used many times as debit or credit while vacationing. Maybe to finance the initial vacation plans. Often used on vacations. Not often used for vacation. N/A A Home Down payment Down Payment Not used Down Payment, even monthly bills Used to make purchase agreement Can be used to assist in down payments or monthly payments. Clothes Most often used for cloths. Often used with debit card. Not used Often used for new merchandise. Not used Not used. FIS 200 Concert Tickets Cash would be used, but dont participate. Debit card could be used Not used Can be used for purchase Not used Not used School supplies Cash is used regularly. Debit card options used Not used Can be used for purchase Not used Not used FIS 200...
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fis200_appendix_b - Debit card used many times as debit or...

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