Receiving credit can be both a benefit and a curse. Prepare your learners to make wise credit choices by studying how credit influences credit scores, identifying the different components of credit cards, and exploring major consumer credit laws.

Concepts

credit, credit cards, debits, banking, personal finance, financial literacy, financial goals, consumer awareness, consumer skills

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Additional Tags

social studies

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Instructional Ideas

• This is the perfect opportunity to invite a representative from a local financial institution to discuss credit cards and debit cards in your class
• As an extension assignment, have pupils research different examples of the types of credit card "deals" that are often offered to college students. Then, analyze the fine print to discover what these contracts really entail

Classroom Considerations

• This is the fourteenth lesson in a series of 22 on helping young adults build a strong foundation of financial literacy and money management skills

Pros

• Excellent, well-organized lesson and worksheets
• Answer key included

Cons

• None

Common Core

RI.9-10.1 RI.9-10.2 RI.11-12.1 RI.11-12.2 W.9-10.8 W.11-12.8 SL.9-10.1.a SL.11-12.1.a