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
BK Hosts: Debt Houdini
Lessons in Credit & Debt
Episode 402
Debt: The Good, The Bad & The Ugly
It’s easy to spend more than you make with credit cards. Learn to avoid the pitfalls of overspending by keeping a spending journal, sticking to a budget, and living a cash existence. Meet the owner...
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...
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...
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...
