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Evaluating the Benefits and Costs of Credit

Students are introduced to different types of credit and discuss some of the benefits and costs of credit. They then consider how borrowing affects a person’s net worth.

•  Lesson (pdf)

•  PowerPoint slides (pptx)

The Making Personal Finance Decisions curriculum teaches valuable personal finance lessons grounded in economic theory. The curriculum is divided into 10 themed units, with each unit containing two lessons. The twenty individual lessons employ a variety of teaching strategies designed to engage students in the learning process and equip them with the knowledge and skills necessary to make informed personal finance decisions. Evaluating the Benefits and Costs of Credit is lesson 9B of Unit Nine: Borrowing.

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Audience:   High School
Language:   English
Subjects:   Economics, Personal Finance
Resource Types:   Lessons, PowerPoint
Concepts:   Banks, Credit, Decision-Making, Interest, Lenders/Borrowers, Risk, Spending