Students review the elements of a contract. They discuss the characteristics of rent-to-own contracts and compare the cost of those contracts with the outright purchase of goods. Objectives Students will define contract and annual percentage rate (APR), explain the elements of a contract, evaluate the terms and costs of a rent-to-own contract, and compare rent-to-own … Continue reading To Rent-to-Own or Not to Rent-to-Own?
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.
Main Page:
Additional Lessons:
So How Much Are You Really Paying for that Loan?
Students learn what a payday loan is and the high cost involved in using such a loan. Working in groups, students calculate an annual percentage rate (APR) on a short-term loan.
Calculating Down Payments as a Fraction
Students will learn to calculate down payments using fractions. Teaching Objectives: Students will learn about down payments. Students will learn to calculate down payments using fractions. Students will review multiplying fractions and whole numbers. Suggested Grade Level 6th – 9th Grade Lesson Excerpt: Many times, we will see word problems that use terms that we … Continue reading Calculating Down Payments as a Fraction
Consumer Credit Legislation
Students learn about consumer credit legislation. Teaching Objectives: Explain key legislation related to consumer credit. Apply consumer credit legislation to specific credit problems. Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. Suggested Grade Level 6th – 12th Grade Lesson Excerpt: Several state and federal laws have been enacted … Continue reading Consumer Credit Legislation
Your Credit Score
Students learn about credit scores. Teaching Objectives: Describe the purpose of a credit report. Define the role of credit scores. Explain the importance of a good credit score. Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. Suggested Grade Level 6th – 12th Grade Lesson Excerpt: When people apply … Continue reading Your Credit Score
Sources of Credit: It Is In Your Interest?
Students learn about sources of credit and calculating interest rates. Teaching Objectives: Identify potential sources of credit. Compare credit sources. Evaluate credit practices. Calculate credit costs. Demonstrate the ability to make good credit choices. Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. Suggested Grade Level 6th – 12th … Continue reading Sources of Credit: It Is In Your Interest?
Borrowing Money: Remember the Interest
Students learn about the reasons and responsibilities of borrowing money. Teaching Objectives: Explain why people borrow money. Identify the rights and responsibilities of borrowing money. Demonstrate appropriate situations to borrow money. Evaluate the impact of borrowing money. Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. Suggested Grade Level … Continue reading Borrowing Money: Remember the Interest
