Interest: Savings & Credit. AKS 64cd

A savings account earns more money over time.

You have to pay more money every month to pay back your loan.

Interest increases the amount of money in your savings account.

Interest decreases the amount of money in your savings account.

Cash is only used to save in a bank, while credit is used to pay for expenses.

Cash is money you have RIGHT NOW to use, while credit is when you borrow money and pay it back.

When there is not enough cash to pay for an immediate need or want.

When there is exactly how much money needed to pay for something.

You are lending money to a bank or business.

You are earning interest on the money.

You are borrowing money from a bank or business.

Inflation

Interest

Income

You will owe less interest.

You will owe more interest.

You will earn more interest.