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WEEK OF MAY 11-15

Credit.

GOALS:  Provide an awareness and understanding of what credit is and the rights and responsibilities of using credit.

 

LESSON OBJECTIVES:

  • Understand some of the reasons for getting credit

  • Understand some of the advantages and disadvantages of using credit

  • Understand why banks use credit

  • List and understand some of your rights and responsibilities as a consumer

  • Understand creditworthiness

  • List some of the reasons for establishing a credit history and understand how a credit history is built

  • List and understand the three principal types of consumer credit

  • Determine a safe debt load

 

11 MAY 2015 - MONDAY

Worksheet:  test your credit knowledge

Using the information provided in class, follow along and answer the questions on the worksheet. Due at the end of the class session.

 

12 MAY 2015 - TUESDAY

QUIZ:  credit knowledge

Hope you paid attention yesterday. You've got a quiz today.

 

Credit Cards.

GOALS:  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 involl.

 

LESSON OBJECTIVES:

  • List three types of credit card accounts, and explain the uses and payment methods of each

  • Understand how to shop for a credit card

  • Read and interpret a credit card statement

  • Understand how to deal with billing errors

  • Understand the long-term results of overextending your credit uses

  • Determine safe personal debt loads

 

THEN...

HOMEWORK Worksheet: Shopping for Credit

Using some knowledge gained through our in-class discussion as well as some personal exploration using the internet, answer the questions on the worksheet.  NOTE: It is double-sided and BOTH sides need to be filled in completely for credit.

 

13 MAY 2015 - WEDNESDAY

Worksheet:  what does your statement tell you

Students will learn how to read credit card statement, using the example provided on the back of this worksheet. In-class discussion with guide students toward understanding. Personal exploration may be necessary as well.

 

14 MAY 2015 - THURSDAY

Worksheet:  how much does it really cost?

Using the Cost Of Credit calculator found at practicalmoneyskills.com, answer the questions on the worksheet.

 

15 MAY 2015 - FRIDAY

QUIZ ON CREDIT CARDS - 50 points

 

END OF UNIT EXAM - 200 points

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