Money Matters: Five Plastic Money Cards - The Good, Bad and Ugly

As students and adults move to an all plastic money system, do they know the advantages and disadvantages of these plastic cards?   Douglas Young discusses the good, the bad and the ugly of credit, debit, gift, pre-paid, and store cards, and explains how they impact a person’s credit, ability to get a job, rent an apartment, or obtain low interest rates for a car loan, private student loan, or home mortgage. Learn about FICO credit scores, “utilization rates”, “hard and soft inquires”, and the real meaning of “maxing out."    

Douglas Young is the Director of the Center for Economic and Financial Education for the Council for Economic Education (CEE) located in New York City. He is responsible for creating and running workshops for teachers around economic and personal finance issues. Prior to CCE, he was a classroom teacher of economics and personal finance for over 35 years at Croton-Harmon and Dobbs Ferry High Schools. He was recognized as the High School Teacher of the Year by both the Westchester and New York State Council for the Social Studies in 1994. He has been a member of the New York Federal Reserve’s Education Board, a reviewer for the State Education Department on the existing economics curriculum, and a contributing reviewer for McDougal Littell on their most recently published textbook “Economics: Concepts and Choices.” He is a Certified Personal Finance Educator with the Institute for Financial Literacy. Doug has presented nationwide on many issues relating to education, economics and personal finance.

Seating is on a first come, first seated basis. 

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