Month: April 2025

• A savings account keeps your money safe and separate from your spending.
• It earns you interest — so your money grows slowly over time.
• You can use it for emergencies, school fees, or big plans.
• It’s safer than keeping cash under your bed (seriously).

👉 Saving in the right place builds your future, bit by bit.

• A loan is money you borrow — but you must pay it back with extra (called interest).
• Loans can help with emergencies or big goals — like starting a business or fixing your house.
• You must repay in small parts (called installments), usually monthly.
• Always check the interest rate and repayment plan before agreeing.

👉 A loan can help — or trap you. Read before you sign.

• A debit card lets you spend money already in your account — no borrowing.
• You can use it to withdraw cash, shop in stores, or pay online.
• Never share your PIN — not even with a “bank worker” on the phone.
• If your card is lost or stolen, block it fast using your bank’s contact line or app.

👉 A debit card is powerful — but only if you protect it like your cash.

• Your credit report shows how you handle loans and bills.
• Banks and lenders check it before approving credit.
• You can check yours at CRC or FirstCentral — free once a year.
• Fix mistakes fast — wrong info can block your next loan.
  

👉 Knowing your credit report protects your future.