Debit and Credit

Your mom goes to the ATM at the bank and withdraws $300 from her savings account with her card. 

• Debit card
• Credit Card

Tags

CCSS.6.NS.C.5

CCSS.6.NS.B.3

Your grandmother takes you out for pizza for your birthday. She pays with a card and money for the bill comes out of her checking account. 

• Debit card
• Credit Card

Tags

CCSS.6.NS.C.5

Your aunt buys you a new outfit for the first day of school. She pays with a card and tells you she’ll pay for it at the end of the month when she gets her bill. 

• Debit card
• Credit card

Your mom buys groceries and pays with a card. She also gets $30 in cash from her checking account at the bank at the same time. 

• Debit card
• Credit Card

It’s the end of August and you need school supplies. Your mom pays for them with her card. The bill for your school supplies shows up on her monthly card statement. It is small enough to pay now so she does not have to pay interest.

• Debit card
• Credit card

Your dog has to go to the vet for his rabies vaccination. Your mom pays with a card. The cost of the visit to the vet shows up on her monthly bill.

• Debit card
• Credit card

You got the lead in the school play. Your mom stops at the ATM to get $50 from her savings account then takes you to the fabric store to get supplies to make your costume.

• Debit card
• Credit card

Tags

CCSS.7.NS.A.3

CCSS.7.NS.A.1

Your family is on vacation and you need more cash. Your dad goes to the ATM and gets a $500 cash advance. He says, “Just one more vacation expense we’ll have to pay off when we get home.”

• Debit card
• Credit card

Each purchase is a loan that is repaid later

• Debit card
• Credit card
• Both

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Purchase is withdrawn directly from a checking or savings account. 

• Debit card
• Credit card
• Both