"Future Ready: Financial Literacy" is an educational resource that explores credit cards, emphasizing the importance of understanding their costs and potential hazards. Learners will develop rational thinking and decision-making skills through a cost-benefit analysis. The content focuses on financial responsibility, highlighting the benefits of wise money management and the costs of irresponsibility. The resource equips individuals with essential knowledge to make informed financial choices and maintain a healthy credit score.
Cards, Cars and Currency is a curriculum unit that challenges students to become involved in three specific areas of personal finance: credit cards, debit cards and purchasing a car.
In this example, students are asked to obtain a credit card disclosure statement, identify the various interest rates and payment rules, and keep track of a revolving monthly balance under several payment scenarios. While modeling several months to a year of credit card statements is easily accomplished with pencil, paper, and a basic calculator, this example is also well-suited for analysis with a spreadsheet.
- Material Type:
- Science Education Resource Center (SERC) at Carleton College
- Provider Set:
- Starting Point (SERC)
- Stuart Boersma
- Date Added:
This lesson will provide high school students with information about how a credit card works, and understand what information determines a personal credit score.
This website guidance document describes the Debt Slapped project, produced by Consumer Education and Training Services. Debt Slapped provides videos and helpful resource links to help people smartly finance their education.