Cheryl Winokur-Munk
speaker
1,406 appearances
26 recordings
2 series
first heard Apr 2019
last heard Jun 2025
Cheryl Winokur-Munk’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Credit or Debit: Which Is Better for Your Financial Goals? · 3 Jan 2022
podcast
But the parent has to be willing to accept this responsibility because ultimately, if the child goes on a spending spree, it's the parent's credit history that's also at risk.
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Absolutely.
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And there's nothing saying that you can't have credit and debit.
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In fact, the experts say that really having a mix of both really is the way to go.
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You can use the debit for the purchases, like we said before, like rent and utilities, and you can use the credit for maybe larger purchases and then that are still within your means that you can pay off a little bit later than use it as a way to build credit.
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It's really a combination factor.
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I definitely know people who are very anti-credit or some people are anti-debit, but
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Really, there are ways to make both of them work together for you and for your finances, especially when it comes to building credit.
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You really shouldn't be afraid.
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You really need to start building it early because it can help you set the framework for later in life.
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You know, it's a building block to get to buy a house later on or to buy a car.
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There's so many things that good credit is really important for.
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And so the younger you can start building good credit, the better off you're going to be from a financial security point later on.
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Thanks for having me.
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In some cases, a family, due to the pandemic, may have had extraordinary health expenses or a job loss.
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And those types of things may not be apparent from that 2020 tax return.
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So if you have these anomalies or things that really you think the aid officer should know that's not reflected on your tax returns, you really need to reach out.
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It's definitely been on the decline.
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Only 68 percent of families with undergraduate students completed the FAFSA.
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And that's for academic year 2020 and 2021.
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Showing 381–400 of 1,406 · page 20 of 71
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