Nov 17, 2016

Two Snappy Videos From Vice Money About Establishing Credit and ATM Fees

How to establish credit (3 minutes)

Questions:

  • Why is it important to establish credit?
  • What are various ways to establish credit?
  • What step should you take before taking out a loan?
  • What is a credit builder loan?
    • Who offers them?
    • How do they work?
  • Do most millennials have a good credit score?
  • Do a webquest to discover other ways to establish credit. Find at least two other methods and describe the pros/cons of each.
  • Which would you choose to build your credit? Why?

ATM Fees hit record high (43 seconds)

Questions:

  • What’s the cost to take money out of a non-network ATM?
  • What has the trend been over the past 13 years with ATM fees?
  • What is one consequence of the cost to get cash?
  • Do you think that a cashless society is in our future? Why or why not?

 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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