Using Credit Wisely

Invite your students to explore how credit cards work, how much credit card interest rates can cost them, and how credit scores can impact them. During class activities, students will:

  • Graph and analyze relationships between credit scores and interest rates (math)
  • How behavioral economics influence decisions (English language arts)
  • How personal and government budgeting differ (social studies)

 

For Educators

Make Credit “Interest”ing for Students

This video provides strategies for fostering student understanding of different types of credit, credit scores and interest rates.

Companion Video for Students

What is Credit, and How do You Use It

Use this video to introduce students to the concept of financial credit and how it can be used responsibly to help people purchase items they want or need.

Classroom Activities

Classroom Activity
MATH

Interest Adds Up

Middle School
1 to 2 Class Sessions

Show your students how credit scores impact interest rates as they calculate and graph these factors relating to monthly loan payments

Download Activity

Classroom Activity
ENGLISH LANGUAGE ARTS

Credit Cards: How Are They Different?

Middle School
1 to 2 Class Sessions

Students participate in a jigsaw activity to evaluate different types of credit card offerings and rewards followed by deciding which card provides the most value.

Download Activity

Classroom Activity
SOCIAL STUDIES

Interest Rates: Not Just for Consumers

Middle School
1 to 2 Class Sessions

Help students analyze the dynamic relationship between the federal funds rate and interest rates for borrowers and savers.

Download Activity