Credit & Debt — Lesson 109
Cash and Credit
Students brainstorm on the pros and cons of using credit cards. They then play the 'Amateur or Ace' game where they evaluate the most effective response to various financial situations.
What Students Learn
1. Buying with CASH means you buy now, pay now
2. Buying with CREDIT means you buy now, pay later:
- Credit is temporarily using someone else’s money, usually for a price (interest)
- Credit can be used to increase your spending power
- Credit has risk involved
Suggested Time
- Preview and Episode Viewing: 45 minutes
- Activity 1: 10 minutes
- Activity 2: 20 minutes
Young Entrepreneur: Bass Fisherman
Clips for this Lesson
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.
