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

Lessons in Credit & Debt

Portrait of a man something in mouth
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.
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.
Half face of a woman
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.