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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