Using Credit Standards and Resources
Credit: Buy today and pay tomorrow! Credit is good because it allows people to purchase goods and services that they use today and pay in the future--with interest–or else there can be consequences. Students should learn how to make calculations about borrowing, which include payments and compound interest. From credit scores to student loans to bankruptcy, this is an essential standard for financial literacy. Also, check out the resources from our workshop: Credit and Behavioral Economics.
Use the news ARticles for credit
Check out the standards alignments for our inquiry-based Use the News activities. Our latest lessons include student guides!
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What are credit card skimmers?
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What is the cost of credit?
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What do you know about credit cards, scores, and fraud?
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How does being a woman impact your credit score?
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Who protects you when you use a credit card?
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Do you have wallet wisdom?
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Federal reserve resources
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Financial Freedom
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Here is a standards alignment for Financial Freedom. The strongest alignment is with Chapter 4, with connections to Chapters 2, 6, 7, and 8.
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Here is a teacher guide for Chapter 4 with connections to Financial Literacy and ELA standards.
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practical money skills
Practical Money Skills has some great financial calculators:
Better money habits for inquiry about credit and debt
Better Money Habits has some excellent resources to engage students in inquiry-based learning about Credit and Debt: Check out these Khan Academy Career Stories to engage your students in inquiry-based learning about different careers and managing credit/debt.
Next generation personal finance (NGPF)
NGPF has some curriculum on credit and debt:
Econ ed link lessons
Should I use cash or credit?
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What are the costs of credit?
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How do you get out of debt?
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Can you solve the credit card bill mystery?
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What happens when you don't pay off a credit card balance?
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Can you help Credita solve her credit card problem?
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How does debt impact your credit rating?
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How do you build a good credit score?
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How expensive are payday loans?
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What about student loan debt?
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How do you earn credit?
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What are the different types and options of credit cards?
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