Student Resources

Unit III. Credit and Loans

Activities

1 Credit for Beginners Lesson
This activity focuses on teaching students the basics about credit. It explains why credit is important, how to keep good credit and several of the terms that are associated with credit.
2 My Credit Rating Lesson
My credit rating--why should I care? This activity teaches students the importance of a good credit rating.
3 Q T Pi Fashions - Learning About Credit Card Use
Using credit cards is convenient, user friendly, and at times dangerous. In this activity you will learn the joys and dangers of using credit as you help Credita, the main character in this activity, solve her credit problems. Today's teens are frequently offered credit cards through the mail, and the temptation to "buy now--pay later" for instant gratification, may be quite compelling. This activity illustrates how quickly credit card purchases can create a dangerous situation for buyers.

eTools

4 Cost of Credit Calculator
This calculator shows students how much extra they pay to use credit.
5 Loan Calculator Tool
This allows students to calculate loans, changing the period and the payment.

Games

6 It Costs What?? Credit Game
Online game where students investigate the credit card expenditures

Tutorials

Unit IV. Housing

Activities

1 The Unforeseen Costs of Home Loans
Students will investigate unforeseen costs of car loans and/or house loans. They will then evaluate the economics of decision making, the ramifications of their choices, and options available to them. Students will compute costs and savings for a car and/or house loan with or without added insurance costs.

eTools

2 Mortgage Calculator
Calculator to determine mortgage costs.
3 Rent or Buy Analysis - calculator
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.