Educator Edition — Free Tools For Teaching Accounting

Filling Empty Pockets: Borrowing, Loans and Credit

In this lesson, students explore the concepts of borrowing and credit with an emphasis on credit cards. Students learn how credit works, why banks and other corporations extend credit, and what credit consumers need to know, including how to preserve their access to credit and how to avoid ""credit trouble."" Students also consider the real cost of buying on credit, weighing the costs and benefits of credit purchases against the option of budgeting and saving. Finally, students will consider various real offers made by credit providers and decide which offer, among several, is the best.

Get the lesson plan at Thirteen.org.