Lesson 3: A Fresh Start
Concepts: Credit and debt, types of credit, loans, credit card offers and statements, interest/interest rates, credit rights and responsibilities, credit report and score
This lesson examines the benefits and importance of access to credit. Using hands-on learning strategies and internet resources, students will calculate simple interest, learn about different types of credit, evaluate a credit card offer, explore the components of a credit score, and compare the impact of a range of credit scores on the cost of credit.
The video component of the lesson shares the financial and personal experiences and lessons learned of an eighth grade girl, her family, and her friends when they were forced to evacuate Biloxi, Mississippi, before Hurricane Katrina and after they returned.
- Lesson procedures
- SMART Board file to accompany lesson procedures (Optional)
- PowerPoint presentation to accompany lesson procedures
- Test Your Knowledge interactive
- Supplemental activity: Blizzard Ball
- Infographic: Why Is Good Credit Important?
You can watch the video accompanying this lesson using the YouTube player below, or download it directly to your computer.