Credit & Debt — 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
Middle School Lesson Plan High School Lesson Plan Spanish Lesson Plan Spanish Lesson Plan

Sketch: Debt Li

Clips for this Lesson

Portrait of a man something in mouth
BK Hosts: Debt Houdini
Hazy talking dog animation
Biztoon: Debt Talking Dog
Sketch: Debt Li
Hazy portrait of a radio girl
Young Entrepreneur: Radio Girl
Woman not interested for chese food
BK Hosts: Debt Cheese

Lessons in Credit & Debt

Lesson

Debt: The Good, The Bad & The Ugly

What Students Learn

  • It’s easy to spend more than you make. Learn how to avoid the pitfalls of overspending and meet a few entrepreneurs who didn’t.
Couple talking to each other at garden
Lesson

How Credit Affects Your Life

What Students Learn

  • Your credit score could impact getting into college, landing a job, or renting an apartment. Learn how to build good credit and what happens when you don’t.
Two anchors at Biz Kids show
Lesson

Cash and Credit

What Students Learn

  • What's the difference between cash and credit? Learn the pros and cons to using your own money versus someone else's.
A boy is woking at laptop
Lesson

Using Your Credit

What Students Learn

  • Don’t live on borrowed time. Learn how employers, insurers, colleges, etc. use credit scores to make major decisions that affect your future.
Closeup image of women with silky hair
Lesson

My First Credit Card

What Students Learn

  • Biz Kid$ demystifies the process of getting a credit card, how to use it correctly, and explains terms like credit score and APR.