Credit Cards

This Credit Cards unit also includes:

A credit card can seem like a passport to free money, but there are some details that young people should be aware of before they sign on the dotted line. A three-lesson unit about credit cards introduces young economists to transaction fees, credit limits, finance charges, and the ways that using a credit card responsibly can greatly improve your credit score.

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CCSS: Adaptable
Instructional Ideas

  • Use in a unit about personal finance or home economics
  • Host a seminar for teenagers to learn about common mistakes in handling their money, and appropriate ways for them use credit cards
Classroom Considerations

  • Lesson was published in Canada, so auxiliary reference material is specific to the Canadian economic system
Pros

  • Helpful information that is often not covered in a standard economics class
  • Includes assessments and worksheets for pupils to work together
Cons

  • None
Common Core