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
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BK Hosts: Debt Houdini

Clips for this Lesson

BK Hosts: Debt Houdini
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Biztoon: Debt Talking Dog
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Sketch: Debt Li
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Young Entrepreneur: Radio Girl
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BK Hosts: Debt Cheese

Lessons in Credit & Debt

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.
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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.
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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.
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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.
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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.