The lesson explains credit scores in an easy to understand way. Understanding your credit score is crucial for managing your finances, whether you’re just starting to build credit or have been doing so for a while. CONCEPTS Use this video lesson on the topic of credit score. Learn basic credit and related concepts of: Credit … Continue reading What is Credit Score? Beginner’s Guide to Credit
Borrowing Money Lessons
Welcome to our page on borrowing money! We believe that understanding how to borrow money responsibly is a crucial skill in financial literacy. Our resources are designed to provide a comprehensive understanding of borrowing money, including the different types of loans, interest rates, and repayment plans. Whether you’re a teacher, parent, or financial educator, our collection of lesson plans, worksheets, and activities will equip you with the tools you need to teach these critical skills and empower students to make informed decisions when it comes to borrowing money. From managing debt to building credit, our materials will help students become responsible borrowers and achieve their financial goals.
What is Credit? The Basics of Credit
The lesson explains what credit is and how it works, including the types of credit available and how to obtain it. It also emphasizes the importance of using credit responsibly and paying bills on time to maintain good credit standing and secure better interest rates and terms. CONCEPTS Use this video lesson on the topic … Continue reading What is Credit? The Basics of Credit
Understanding the Debt Ceiling (Debt Limit) and the National Debt of the United States
The lesson explains the concept of the debt ceiling, or debt limit, and the national debt, their implications on the US government’s financial operations and the potential consequences of hitting the debt ceiling. It also discusses extraordinary measures and possible solutions to address the national debt, including raising the debt ceiling, cutting spending, increasing revenue … Continue reading Understanding the Debt Ceiling (Debt Limit) and the National Debt of the United States
How to Prepare for a Recession
Learn the basics of how to prepare yourself for a recession, economic loss, or potential job loss. Learn important steps and tips to help prepare and protect yourself for a decline in the economy, a layoff, job loss, unemployment, or other related event. CONCEPTS Use this video lesson on the topic to discuss the financial … Continue reading How to Prepare for a Recession
What is Simple Interest? How to Calculate
Learn the basics of simple interest, and how it is calculated using the simple interest formula. CONCEPTS Use this video lesson on the topic to discuss the financial terminology and basic economic and related concepts of Interest Saving Money Principal PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of … Continue reading What is Simple Interest? How to Calculate
What is Interest? Introduction to Interest Rates.
Learn the basics of interest, how you earn interest, and compound interest. An introduction to interest rates. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Interest Interest Rates Saving Bank Loans PROCEDURE Hand out the worksheet below (see the GET LESSON button near the … Continue reading What is Interest? Introduction to Interest Rates.
What is a Mortgage?
Learn the basics of a mortgage loan for buying a home, types of mortgage lenders, and types of mortgages. An introduction to mortgages. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Mortgages Purchasing a Home Home Loans Interest Rates Budgeting and Monthly Expenses PROCEDURE … Continue reading What is a Mortgage?
What Interest Rate Increases Mean for You
What to expect as the Federal Reserve (the central bank of the United States) increases interest rates. How it impacts your budget, and your money. Understand why the Federal Reserve is increasing rates, so we all will see our borrowing costs potentially rise. Here are some ways that rate hikes could affect you, your money, … Continue reading What Interest Rate Increases Mean for You
Word Problems with Down Payments
Students will begin to understand the topic of down payments. Teaching Objectives: Students will learn to define a down payment. Students will learn to calculate new price following a down payment. Students will learn to calculate payment plans based on new prices and down payments. Suggested Grade Level 6th – 8th Grade Lesson Excerpt: Many … Continue reading Word Problems with Down Payments
Calculating Down Payments as a Percentage
Students will learn to calculate down payments using a percentage. Teaching Objectives: Students will define down payment. Students will review percentages. Students will review convert percentages to decimals. Students will review calculating percentages. Students will use these skills to figure out down payments. Suggested Grade Level 6th – 8th Grade Lesson Excerpt: Sometimes, a down … Continue reading Calculating Down Payments as a Percentage