Northeast Minnesota Virtual Industry Tour Classroom Lesson Plan

Finance/Banking:  Using Credit Wisely

GRADE LEVEL: 9-12


ACADEMIC SUBJECT(S) MOST APPROPRIATE FOR ACTIVITY:

Personal Finance


SOURCE ORGANIZATION:
Practical Money Skills


TIME TO COMPLETE: 70 Minutes

DESCRIPTION:

In this lesson, students will discuss the concept of credit and how it can be used responsibly, learn different components of credit cards, review elements of a credit score and research consumer credit laws.

OBJECTIVES

Students will:

  • understand the elements of credit
  • evaluate how use of credit influences credit scores
  • explore major consumer credit laws

SUPPLEMENTARY VIDEO:

Provided by a joint venture between JET, True North Stars Perkins Consortium, IRRRB, and Story North Productions to be used with the Northeast Minnesota Virtual Industry Tour Project, Finance/Banking Sector.

FINANCE/BANKING VIDEO:

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