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.

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    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


    To Rent-to-Own or Not to Rent-to-Own?

    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?




    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