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

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Categories Banking, Basic Money, Borrowing Money, Credit, Credit Cards, Economics, Saving & Investing, Tags , , , , , ,
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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?

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Categories Borrowing Money, Credit, Tags , , , , , ,
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Creditors’ Criteria and Borrowers’ Rights and Responsibilities

Students discuss key terms related to credit and learn how creditors use capacity, character, and collateral as criteria for making loans. Students learn about credit rights and responsibilities. Groups use role-play scenarios to identify and discuss the rights and responsibilities of using credit.   Objectives Students will define credit and creditor, define interest, identify and … Continue reading Creditors’ Criteria and Borrowers’ Rights and Responsibilities

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Categories Credit, Tags , , , , , ,
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Cars & Loans – Costs & Responsibilities

In this lesson students investigate the legal and financial responsibilities of buying, maintaining, insuring, and operating a car, and translate those responsibilities into a monthly budget. Teaching Objectives: List some of the costs of owning and operating a car Given a budget, decide how much you can afford to pay for a car List some … Continue reading Cars & Loans – Costs & Responsibilities

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Categories Credit, Spending Money, Leave a comment

Credit Cards – Understanding & Responsibilities

In this lesson students develop skills to compare and evaluate the terms and conditions of various credit cards, the differences between credit cards, and the legal and financial responsibilities involved. Teaching Objectives: List three types of credit card accounts, and explain the uses and payment methods of each Understand how to shop for a credit … Continue reading Credit Cards – Understanding & Responsibilities

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Credit – Understanding Rights & Responsibilities

In this lesson students gain an awareness and understanding of what credit is and the rights and responsibilities of using credit. Teaching Objectives: Understand some of the reasons for getting credit Understand some of the advantages and disadvantages of using credit Understand why banks issue credit List and understand some of your rights and responsibilities … Continue reading Credit – Understanding Rights & Responsibilities

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Beware! Identity Theft

Students learn about identity theft. Teaching Objectives: Describe the crime of identity theft. Explain how to prevent being victimized by identity theft. Determine what steps to take if victimized by identity theft. Standard 9: The student will identify and explain consumer fraud and identity theft. Suggested Grade Level 6th – 12th Grade Lesson Excerpt: Young … Continue reading Beware! Identity Theft

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Beware! Consumer Fraud

Students learn about consumer fraud. Teaching Objectives: Identify different kinds of consumer fraud. Recognize how to prevent being victimized by consumer fraud. Determine what steps to take if victimized by consumer fraud. Standard 9: The student will identify and explain consumer fraud and identity theft. Suggested Grade Level 6th – 12th Grade Lesson Excerpt: Consumers … Continue reading Beware! Consumer Fraud

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