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
Sketch: Debt Li
Lessons in Credit & Debt
Lesson
Debt: The Good, The Bad & The Ugly
What Students Learn
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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.
Lesson
How Credit Affects Your Life
What Students Learn
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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.
Lesson
Cash and Credit
What Students Learn
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What's the difference between cash and credit? Learn the pros and cons to using your own money versus someone else's.
Lesson
Using Your Credit
What Students Learn
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Don’t live on borrowed time. Learn how employers, insurers, colleges, etc. use credit scores to make major decisions that affect your future.
Lesson
My First Credit Card
What Students Learn
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Biz Kid$ demystifies the process of getting a credit card, how to use it correctly, and explains terms like credit score and APR.
