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.
ARticles for credit
Federal reserve resources
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Econ ed link lessons
Check out more resources for teaching about credit. Links include the websites from Financial Freedom Ch. 4. The teacher guide for Financial Freedom Ch. 4 is below.