Lesson Plan

Don't Go For Broke! Prevent CREDIT CRAZY

Economics/Civics: Studying Importance of Credit and How to Use it Wisely
Michelle B.
Classroom teacher
Cabell County Career Technology Center
Huntington, WV
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My Grades 7, 8, 9, 10, 11, 12
My Subjects English Language Arts, Science, Social Studies
EdTech Mentor
Objectives

Students will be able to.

Learn the value of credit and credit worthiness.

Learn what buying on credit is and how to make smart decisions on when to use credit.

Understand the overall cost at the end of a loan for items bought on credit.

Understand the concepts of credit financing in regards to major purchases.

Subjects
Social Studies
Grades 8 - 12
All Notes
Teacher Notes
Student Notes

1 HOOK: What is a credit score?

Episode 402

Debt: The Good, The Bad & The Ugly

Show Biz Kids video Season 2 Episode 205. Discuss what it means when you overspend on credit. What are the consequences?

Episode 115

Using Your Credit

Watch each video listed under an episode.  Each episode has many clips

 

 

Student Instructions

Watch episode 115 Using Your Credit

Season 2 Episode 205 THE CREDITOR

Watch video: young entrepreneur: credit card kung fu

Each episode has several clips.  Watch all clips.

 

 

2 Direct Instruction

Print worksheets from source listed under direction instruction.

Teacher needs to provide certain amounts for students so that all results can be the same.

As a group, decide what the amounts for you and  spouse income and expenses.

p. 17 Students research credit cards and complete this page independently.  Then, discuss as a group.

Student Instructions

Look over packet and do research for page 17 of packet.

3 Guided Practice

iMovie
$4.99
Prezi
Free, Paid

Make sure students have access to iMovie for the iPad and/or Prezi.

Have them to complete a short presentation on one of these applications.  Elements of presentation should include the following:

1. What are credit ratings?  List them and what scores are what rating.

2. How to Build Good Credit

3.  What factors contribute to lower credit scores

4.  Some tips on how to use credit wisely.

 

Student Instructions

You will prepare a Prezi, iMovie, or Powerpoint presentation

Elements of presentation should include the following:

1. What are credit ratings?  List them and what scores are what rating.

2. How to Build Good Credit

3.  What factors contribute to lower credit scores

4.  Some tips on how to use credit wisely.po

4 Extension

Become a limited free member of MoneyInstructor.com

Print worksheets Student Module 7.2 Borrowing Money (in resource listed above)

Student Instructions

Complete worksheets on Borrowing Money

5 Wrap Up

Activity: Presenting

Students prepare a poster board on credit:  What is it?  What is Credit Score?  Also, add own important information to a poster board to present to class.

Student Instructions

Students prepare a poster board on credit:  What is it?  What is Credit Score?  Also, add own important information to a poster board to present to class.