Debt Elimination - Power Tools for Building Wealth

This Debt Elimination - Power Tools for Building Wealth lesson plan also includes:

What does it mean to be wealthy? Your learners will consider how carrying debt affects budgeting, and learn about the debt snowball strategy and how is it used in the concept of eliminating debt in order to build wealth.

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CCSS: Adaptable
Classroom Considerations

  • Will require a bit of preparation/review time for instructor
  • Heavy mathematical component to the lesson
Pros

  • Detailed and well-designed reading material
  • Includes and reviews formula for calculating minimum monthly payment necessary to eliminate debt at a particular rate and period of time
Cons

  • None