Introduction
There are many advantages and disadvantages of using credit. Almost everyone needs to borrow money at some point in their lifetime. Credit cards are very easy and convenient to use, but lead to debt. It is important to know the risks of using credit cards. It is also important for you to understand what you are agreeing to when you enter into a credit contract.
Following successful completion of this lesson, students will be able to...
- Identify ways to avoid or correct credit problems.
- Demonstrate knowledge of vocabulary related to credit.
- Assess credit options available to individuals and families.
- Analyze credit card offers.
- Identify types of credit.
Enduring Understandings
- It is imperative to wisely manage your use of credit in today's economy.
The above objectives correspond with the Alabama Course of Study: Personal Finance standards: 10.