A lesson for students on how APR (Annual Percentage Rate) influences credit card interest, its compounding effects, and strategies for smart credit card use. Students learn the intricacies of APR and how it impacts credit card users. They dive deep into understanding the true price of borrowing money on a credit card and how interest … Continue reading APR Explained | How Credit Card Interest Works Lesson
Credit Cards Lessons
Welcome to our page on credit cards! We believe that understanding how to use credit cards responsibly is a crucial skill in financial literacy. Our resources are designed to provide a comprehensive understanding of credit cards, including how to choose a credit card, understanding interest rates and fees, and building good credit. 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 using credit cards. From managing credit card debt to building a positive credit history, our materials will help students become responsible credit card users and achieve their financial goals.
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Compound Interest Trap of Credit Cards and Loans Lesson
A lesson for students on the pitfalls of compound interest and how it can quietly ensnare you in a cycle of mounting debts if not navigated wisely. Students learn about the dual nature of compound interest in this lesson. While it offers a path to exponential growth for investors through reinvested earnings, the same principle … Continue reading Compound Interest Trap of Credit Cards and Loans Lesson
How to Apply for a Credit Card Lesson
A lesson for students on on applying for their first credit card. Students learn about the steps and considerations necessary for obtaining a credit card. Discover the importance of discerning your needs and understanding why you want a credit card, be it for building credit, earning rewards, or having it for emergencies. The lesson covers … Continue reading How to Apply for a Credit Card Lesson
What is a Debit Card Lesson
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
How to Read a Credit Card Statement Lesson
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
Building and Maintaining Credit 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
What is Credit Score? Beginner’s Guide to Credit
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
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
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
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
