Lesson 402

Debt: The Good, The Bad & The Ugly

Students roll play borrowers, collection agencies, and credit councellors.  They also create a budget and a spending journal, and track monthly expenditures to see how close they get to their budget.

What Students Learn

  • The difference between good debt and bad debt
  • How to avoid getting into debt
  • Several ways to get out of debt

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30 minutes
  • Activity 2: 15 minutes in class then self-assessment over one month

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