Know Your Cash Flow

Students will develop a budget, by analyzing their spending habits, and income.  How much are students earning, and spending daily, weekly, and monthly?  Students will participate in a think-pair share, class discussion, and complete a worksheet.

cash_flow_lesson.pdf
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When to USe A credit card

Students will discuss different types of debt, benefits of a credit card, how credit cards should be used, borrowing money for college and vehicles, and how to pay off debt.  Students will participate in a role discussion activity.

discover-classroomactivity-hs-whentouseornotusecredit-v.2.1.1.pdf
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Understanding Credit Scores

Students will be introduced to credit and credit scores.  Lesson packet and information from videos on how to gain and maintain a good credit score, what credit affects, and how students can best utilize their credit cards.  Students will participate in matching activities, worksheet, and a quiz.

understanding-credit-scores.pdf
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IS a credit card worth while? - Activity and Debate

Ever received a credit card offer in the mail? You will soon. Credit companies make a lot of money off of card holders... they want you to use their cards. They will find you. Credit offers typically come with a lot of papers written in very small print. Often, people don’t bother reading the “fine print.” That often means that they end up getting stuck with fees and charges that will surprise them. So how do you find a good plan?  After covering when to use a credit card, understanding credit scores, and finding the right card for you, have students take part in a inquiry debate on if a credit card is right for them?​

Dynamic Lesson Plan - Owning Credit Card
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Is Owning A Credit Card Worth It?
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Shopping for a Credit Card Activity
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What is the history of credit cards?

In class, brainstorm the pros and cons of having a credit card.  Here's a few:
PROS

• Credit cards offer protection against theft of your cash.
• You can buy items and services you need when you need them, even if you don’t have enough cash for them.
• Credit cards can be lifesavers, and your parents may want you to carry a credit card to pay for gas, repairs, emergency phone calls, etc.
• Managing your credit cards well can build up a solid credit history for the future.
• If you can use credit responsibly, you’ll end up a smarter money manager.

CONS

• Credit cards make it very easy to buy things that are out of your league, to the point where you can’t pay the bill when it comes due.
• When you carry a credit card, it’s tempting to buy on impulse and forget you’re actually spending money, or that you’re spending future income that you don’t have (and may never have!).
• If you only pay the minimum balance each month, it will take years to pay off the balance, and accumulating interest on that balance can make what you bought cost much, much more in the long run.
• If you fall behind on paying your credit card bills, it can damage your credit rating and make it harder for you to get loans in the future.

Watch the film "The Secret History of Credit Cards" from PBS.org.​

The Secret History of the Credit Card
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Other useful Resources

financial_advice_by_women_for_women.docx
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green_economics.docx
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planning_for_retirement_in_your_twenties.docx
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