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Grade 9-12
,
Lesson

Getting Out of Debt

Updated: December 8 2015,
Author: Sue Lynn Sasser
Teacher Version
Standards Summary Introduction Task List Process Conclusion Assessment Activity
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Standards

National Standards in Financial Literacy

State Standards

Concepts

Credit, Interest, Risk and Return

Introduction

This lesson uses the Better Money Habits video Steps to Help You Get Out of Debt (www.bettermoneyhabits.com) to explain the concept of debt.

Task List

  •  Identify the steps to getting out of debt.  
  •  Explain the costs and benefits of credit.
  •  Describe ways to avoid debt problems.
  • Describe ways to correct debt problems.

Process

See Educator version of lesson.

Conclusion

See Educator version of lesson.

Assessment Activity

See Educator version of lesson.

Subjects:
Personal Finance

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