Please enable JavaScript.
Coggle requires JavaScript to display documents.
Money Smart (Advantages (You only spend money you already have, You…
Money Smart
-
-
Automatic Payment
Advantages
Budget friendly, user controls, amount frequency start, finsish + cancel
Disadvantages
Charged if your payment is dishonounced, transacton fees
Definition
Set amount of money, organised to electronically be taken from one buisness / Person to another
Types of payment
Regular bills, layby, rent,
Credit card
-
Disadvantages
User fees + charges, interest charges, card fees, access to money that you don't have
Advantages
Points system, use overseas, pay within a certain pend, no intrest or fees
-
Direct Debit
Definition:An authority given to a company to withdraw funds from your account, variable amount.
Types of Payments: Phone Account, Power and Electricity.
-
Disadvantages:Can take money you don't have, then charged fees.
-
contactless pay
-
What Is It
Contactless pay is a way to easily pay because a microchip in the card means you and make purchases with out a pin as long as the purchases is under $80
What is it used for
small purchases of less then $80 eg coffee, lunch, dinner
-
-