By: Shagra, Lamar, and Ayten
7G
Introducti
on
Credit &
Debit
Debits increase the value of asset,
expense and loss accounts. Credits
increase the value of liability, equity,
revenue and gain accounts. Debit and
credit balances are used to prepare a
company's income statement, balance
sheet and other financial documents.
Whats a debit and credit
card?
Credit card Debit card
A credit card is a
Debit cards are
payment card,
payment cards that
usually issued by a
reduce the need to
bank, allowing its
carry cash or
users to purchase
physical checks to
goods or services, or
make purchases.
withdraw cash, on
You can use debit
credit. Using the card
cards at ATMs to
thus accrues debt
withdraw cash.
that has to be repaid
later.
A Visual Guide
To Teens.
Teaching teens about
budgeting is essential for
their financial future. This
presentation explores
various visual approaches
to make budgeting
concepts engaging and
accessible.
Visualizing Financial
Concepts: Charts
bar charts can show how much money a Pie charts are effective for showing
small business spends by expense type. budget allocations. They visually
They can also show how many different represent how the budget is divided
items each department sold within a
among different categories, making it
store across a consistent interval of time.
easy to see proportions
Bar charts can also show the
effectiveness of different strategies or
methods to achieve a goal.
Spending habit and Saving
Saving goals
Determine how much you want goals!!
to save each month. Aim to save Savi
at least 20% of your income, or n g go
start with a smaller amount and als
gradually increase it. Allocate
funds first for essentials (needs),
then for savings. Finally, budget
for discretionary spending
(wants). Spending Habits
Spending less than your income
while continuing to pay your bills
b it
on time and in full allows you to
g ha
save for future needs. Aligning
d in
your spending habits with what
p en
matters most to you will help S
you reach your biggest money
goals.
Real Life Examples!!
Allowance Tracker Budgeting App
The allowance method Budgeting apps and
is an estimate of the tools can help you to
amount the company visualize and analyze
expects will be your expenses and
uncollectible made by
income in various ways,
debiting bad debt
such as graphs, charts,
expense and crediting
allowance for tables, reports, and
uncollectible accounts. dashboards.
Storytelling Examples!!
Sam, Taylor, Jordan, and Riley planned Alex’s birthday
party with a $100 budget. They spent $30 each on
Scenario: decorations, food, and games, saving $10 for extras.
Taylor got balloons and lights, Jordan bought a cake
Birthday and snacks, and Riley made a DIY photo booth. The
party was a hit—Alex loved it, and they even had $5
left over, thanks to their smart budgeting!
Mia was excited about her first $300 paycheck and couldn’t wait
to spend it. Her friends stepped in to help her budget wisely.
Scenario: Liam reminded her to cover her $50 phone bill, Ethan suggested
saving $150 for a new laptop, and Ava shared how spending her
first paycheck on shoes taught her to plan better. With their
Job help, Mia decided to save $150, pay her phone bill, and use
$100 for fun things like clothes. Feeling proud and prepared,
Mia was ready to manage her money responsibly.
Key words
why they are important in credit and debit.
VISUALIZE ENGAGE EMPOWER
VISUALIZATION HELPS
ENGAGEMENT IS EMPOWERMENT IN
SIMPLIFY FINANCIAL
IMPORTANT IN CREDIT CREDIT AND DEBIT
DATA, MAKING IT
AND DEBIT BECAUSE IT
EASIER TO TRACK HELPS INDIVIDUALS
INCOME, EXPENSES, HELPS PEOPLE TRACK
MAKE INFORMED
AND SAVINGS. CHARTS THEIR SPENDING, AVOID
DEBT, AND MAKE DECISIONS, MANAGE
AND GRAPHS
HIGHLIGHT SPENDING INFORMED FINANCIAL FINANCES WISELY,
PATTERNS, HELPING DECISIONS, LEADING TO AVOID DEBT, AND
PEOPLE MAKE BETTER CONTROL OVER BUILD CREDIT, LEADING
SMARTER FINANCIAL THEIR FINANCES.
DECISIONS.
TO FINANCIAL
INDEPENDENCE AND
SECURITY.
