Reflection on the Budget Challenge

I have learned the value of paying bills in full on time. I have also learned that it is important to keep a record of all the money you spend just in case anythings gets mixed up. This has also taught us how a credit card works. I learned about having a savings retirement plan and how that is very beneficial.

Payment Types

There are many different payment types. Some are more convenient then others, for example Debit and Credit cards. A debit card is a way of digitally paying with your own money. where as a credit card is a type of loan from the bank that you pay back plus interest every month. a credit card also comes with a credit score having a good credit is very productive.