Title: Cards, Cars & Currency: A Package Deal (Module)
Course: Kentucky Sample Personal Finance Curriculum > Section: Unit 2: Credit & Debt

Description: Students analyze the terms of credit cards and learn about using a credit card responsibly by completing a Credit Card Packet, which involves working in pairs to calculate the cost of credit by analyzing a disclosure statement and reviewing a record of purchases, a record of payments and credit card statements. After completing the Credit Card Packet, the class is divided into teams and given a real-world scenario to debate—the consumer vs. the credit card company. The students then conduct a survey as an out-of-class activity, gathering and interpreting data on credit card usage in their community. The students use an online calculator to determine the real cost of making just the minimum payment on credit card accounts. Estimated completion time for online module: 30 minutes.