A lesson on banking basics and the essentials of debit cards including how they function, their benefits and drawbacks, and tips for wise usage. Students learn how to manage their debit card use responsibly. This lesson covers what a debit card is, how it functions, and how it’s linked directly to your bank account for … Continue reading What is a Debit Card Lesson
Welcome to our comprehensive guide on teaching about credit! As a trusted source of financial literacy materials, we understand the importance of educating young people about the responsible use of credit. Our collection of lesson plans, worksheets, and engaging activities are designed to help students understand the impact of credit on their financial future and make informed decisions about managing their credit responsibly. Whether you’re a teacher, parent, or financial educator, our resources will equip you with the tools you need to teach this vital financial skill.
In this lesson, students will learn about understanding their credit card statements, using a comprehensive guide covering various aspects, including billing cycles and interest charges. They will learn to efficiently manage their finances, ensuring punctual payments, and maintaining a favorable credit score. CONCEPTS Use this video lesson on the topic of credit card statements. Learn … Continue reading How to Read a Credit Card Statement Lesson
This introductory lesson teaches important tips on how to build credit by using credit cards and loans responsibly, how to maintain good credit by making payments on time and keeping credit utilization low, and how to monitor credit reports to ensure accuracy. CONCEPTS Use this video lesson on the topic of building and maintaining credit. … Continue reading Building and Maintaining Credit Lesson
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
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
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
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 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
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?
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.