PersonalFinanceLab: Understanding Your Credit Score in the Budget Game

How do You Manage Your Credit Score in the Budget Game from PersonalFinanceLab? The Budget Game is an interactive simulation designed to teach personal finance and money management skills to K12 students. In this video, we'll guide you through how to manage credit responsibly. What You’ll Learn: • How to build and maintain a healthy credit score by using your credit card wisely. • The importance of using your credit card regularly to improve your credit score. • The importance of paying your credit card bill on time to improve your credit score. • How to avoid negatively affecting your credit score by keeping your credit utilization ratio below 50%. • How to navigate your credit card statement, including understanding your APR and daily interest rate. • How to avoid interest charges by making frequent payments. • Strategies for maintaining a healthy credit score throughout the Budget Game.