During a lesson on credit one of Stuart Ritter's college students raised her hand and asked him to clarify what he meant by "carried balance." He explained that if she were to swipe her credit card for a $10 meal and then pay the credit card company $8 that month then she'd receive a bill for the remaining $2, or the carried balance.
Money Lessons For Your Kids: What They Should Know By Age 5, 10 & 15
Halah Touryalai, Forbes Staff, Forbes
Tue, 03/19/2013 - 12:00pm
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