Using and Abusing Credit
Introduce the complex economic world of credit and credit cards. The learners identify the intended uses as well as the abuses of credit and credit cards and explore ways to responsibly spend, save, invest, and donate as their needs and wants become known.
The learners will understand the ways in which money can be utilized: Spend, Save, Invest, and Donate, and come to an understanding of the importance of sound financial planning so as to avoid unnecessary short falls, huge debt, and bad credit ratings.
The purpose of this lesson is to introduce learners to the complex economic world of credit and credit cards. The learners will identify the uses as well as the abuses of credit and credit cards, and explore ways to effectively utilize them so that they will be better able to spend, save, invest, and donate to meet their needs and wants.
The purpose of this lesson is for students to understand the interest formula, how installment credit works, and the types of items that might be purchased using installment credit.
The purpose of this lesson is for the learner to acquire a knowledge and understanding of the information and skills needed to use credit responsibly. The learner will synthesize this knowledge and understanding in the development of an advertisement designed to promote the responsible use of credit.