Part I: Interview

You will interview a member of your community to determine their spending habits with credit cards versus cash. Record their responses to each of the following questions and include them with your submission. Note: All references to cash could include a debit card, check card, or money from a checking or savings account.

Name of Interviewer:

Name of Person Interviewed:

Date:

Cash

When was the last time you used cash?

What did you purchase?

How much did it cost?

Do you think you should have used a credit card instead of cash to make this purchase? Why or why not?

Credit Card

When was the last time you used a credit card?

What did you purchase?

How much did it cost?

Do you expect to pay off your purchase within the next month?

What is the APR on your credit card?

Do you think you should have used cash instead of a credit card to make this purchase? Why or why not?

Part II: Analysis

After you have interviewed a member of your community, respond to the following statements, using complete sentences, and include all responses with your submission.

complete a paragraph of three to five sentences explaining whether or not you think the individual you interviewed used cash and their credit card wisely.

Describe a situation in which you might use a credit card instead of cash.

Describe a situation in which you might use cash instead of a credit card.

Explain your views about credit cards prior to experiencing this lesson.

Explain how your views about credit cards are shaped by your parent(s)/guardian(s) spending habits.

Explain how your views have changed about credit cards after experiencing this lesson.