Policy Perspectives on Medicare
Credit cards are convenient, user friendly, and at times dangerous. In this lesson students learn the joys and dangers of using credit as they help Credit, the main character in this activity, solve her credit problems.
Credit cards are convenient, user friendly, and at times dangerous. In this lesson students will learn the joys and dangers of using credit as they 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 lesson illustrates how quickly credit card purchases can create a dangerous situation for buyers.
Special note: I used a female character in this example, but the lesson could just as easily be changed to feature a male character. He could run into difficulty using his credit card to purchase automobile accessories, sporting equipment, or concert tickets.
A special Teachers Copy of the Q T Pi Fashions worksheet has been created and may be printed out for reference use and for answers to the Q T Pi Fashions handout.
For Computation purposes:
Ask the students to write a letter to Credita given the following: If Credita asked you for advice about the smart use of credit, what would you tell her so that she could avoid the problems she encountered during her last credit card experience? Try to use as many of the new credit terms you learned in your letter.
Using the bankrate.com. web site within the Credit Cards page, students should find the best card for themselves. To do this they should go to the Student Card page and start looking for the best cards. Have the students select three cards they would consider. Have the students name and give the particulars of the cards, and explain why they would apply for these cards.
Return to Credit Card page to complete the on-line activities:
For additional lessons on personal finance, students may use the National Council on Economic Education's new curriculum, Financial Fitness for Life .
Either the "Conclusion" activity or any of the bankrate.com activities (or both) could be used as possible evaluation activities.
Teachers could also create a scenario of a credit card situation and have the students complete the activity as they did in the Q T Pi Lesson.
Grades 6-8, 9-12
Grades K-2, 3-5, 6-8, 9-12