What is credit, and what are its advantages and disadvantages for purchases? Your class members will learn about different types of loans, such as student and mortgage, how interest factors into credit use, credit reports, and ultimately how to be savvier shoppers. This is a valuable lesson that all young adults would benefit from!

Concepts

credit cards, interest rates, credit, financial literacy, personal finance, interest, debt

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Additional Tags

credit card, interest rate, credit report, math

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Instructional Ideas

• List the optional activity as a May Do activity for early finishers or for those that require an additional challenge

Classroom Considerations

• The third lesson in a series of four

Pros

• Engaging hook and clear guidelines for follow-up discussion
• Excellent suggestions for additional activities included

Cons

• None

Common Core

RH.9-10.2