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Financial Literacy in Action
|Teaching Plan: Activity #2 Credit|
How can we use credit wisely?
Discussing the activity:
Ask the class to access p. 4, “Projects.” Explain that in this activity they will be required to complete a project about the topics referred to in the objectives. After that, the students will have a chance to show what they have learned by completing one of the following activities: 1) developing a mock website; 2) writing a brochure; or 3) creating a set of posters. Have students explain their answers to the following questions:
Discuss with the class your specifications and expectations for the projects, including deadlines; criteria for grading their websites, brochures, and posters; and other details about the project.
Explain to students that most of the information for their projects should come from the tutorials. Divide the class into five groups. Assign each group a different one of the following pages to read: p.9, “Advantages and Disadvantages of Buying on Credit;” p.10, “Using Credit Wisely;” p.11; “Credit Scoring;” p.12; “Comparing the Cost of Credit;” and p.5, “More Information About Credit.” After completing their readings, have the students explain their answers to the following: