How Do Credit Cards and Loans Work?
From the Set Guide to Financial Responsibility
Credit cards and loans can help finance purchases and build a credit history, but they do come with risks. Teens and young adults need to understand how credit and loans work to use them responsibly. Common types of credit and loans, the costs of borrowing, building a credit history, the risks of fraud, and borrowing for college are discussed.
Guide to Financial Responsibility - School Library Journal
Gr 6 Up–Comprehensive financial guidance for teenagers, covering a range of topics from top to bottom. Young readers interested in finding a job, starting a business, going to college, or looking for similar financial understanding will leave this series with a wealth of knowledge. Job-seeking teens learn about resumes, cover letters, and searching for job openings all the way to the first day in the office. Future business owners will read about becoming an LLC, creating a logo, and the ups and downs of franchising. The series is updated to include modern business practices such as remote work and the use of algorithms to screen resumes. The pages are text-heavy but broken up by sidebars that cover topics such as the impact of social media on a job search, a small business’s TikTok success story, and explanations of common credit terminology. Small text boxes feature quotes from industry personnel.
VERDICT An even-handed financial series that simplifies complicated topics. Recommended.