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

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Episode 402

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Episode 205

How Credit Affects Your Life

Did you know your credit score could impact whether or not you get into college, get a job, or even rent an apartment? Join the Biz Kids, and you’ll learn about building good credit and how the...
Episode 109

Cash and Credit

What's the difference between cash and credit?  The Biz Kid$ explain the pros and cons to using your own money versus someone else's.  Meet a young entrepreneur who used credit to start a bath salts...
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Episode 115

Using Your Credit

Don’t live on borrowed time. Join the Biz Kid$ and you’ll see the true cost of purchasing with credit. You’ll also have an unsettling look at credit scores and the increasing number of people...
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Episode 603

My First Credit Card

Your first credit card -- manage it right and it could lead to a world of possibilities. Get it wrong and it will mean years of regret. Biz Kid$ demystifies the process of getting a credit card, how...