Personal Management

[Cocolin the Ninja 10]

What extactly is a debt card????????none of these people have heard of it.

[SWScouter 34]

"What extactly is a debt card????????none of these people have heard of it."

 

Do you mean a Debit card? A debit card is used similar to a credit card except that the account the card is tied to would have a positive balance. Then each transaction would deduct (or debit) from the account balance. Normally debit cards are attached to checking accounts.

 

I think "debt card" is a fairly reasonable name for a credit card, at least for those people that carry a balance month to month.

 

SWScouter

[Cocolin the Ninja 10]

ok, this sheet was a misprint, but i have more questions, What are the five ways to manage risk?

[9muckraker7 11]

Look in your personal management merit badge pamphlet and you should find a whole chapter dedicated to "managing debt," which also contains the answer you are looking for.