INTRO TO FINANCIAL LITERACY

UNIT 2 - LESSON 2:  DEBT

Lesson introduction:

Debt refers to money that you owe someone else and includes things like credit card debt, student loans, car loans and mortgages. It can be a positive or negative aspect of finances. There are ways to use debt to your advantage but it can also cause great damage. 

Directions:

  1. Please view the lesson below.
  2. Complete all activities within this lesson

Lesson Objective:

In this lesson, you will learn to define debt and identify different types of debt. We will also learn about the roles of the debtor and the creditor, as well as the benefits and drawbacks of debt.

Materials: 

Click the Materials icon to view, download, or print the lesson materials.  You will need the materials to follow along with the lesson video below.

 CLICK HERE TO DOWNLOAD GLOSSARY

CLICK HERE TO DOWNLOAD GLOSSARY


Activity 1:

WATCH VIDEO AND COMPLETE SHORT QUIZ

SKILLS PRACTICED: LISTENING, TEST-TAKING, NOTE-TAKING 

Complete a short Quiz on Debt. Some of the information may be new to you, and you are more than welcome to research.  TRY YOUR BEST! YOU CAN DO GREAT AS LONG AS YOU SHOW GREAT EFFORT.


ACTIVITY 2:

SKILLS PRACTICED: ONLINE RESEARCH, NOTE TAKING, COMMUNICATION, AND READING COMPREHENSION

COMPLETE ONLINE RESEARCH, READING, AND DISCUSSION PROJECT

  • Research and read two articles on Debt and its different forms
    • Add the links to the articles in the form below 
  • Discuss the following questions with two people:
    • What are some of the positive ways to use debt?
    • What type of debt do most people have? Is it good or bad debt and why?
  • Take notes on your discussion based on question 5 asked in Activity 4

Activity 3:

SKILLS PRACTICED: COMMUNICATION, INTERVIEWING,  AND VIDEO PRODUCTION

COMPLETE THE INTERVIEW AND VIDEO PROJECT

You are a reporter and host for a local financial news show.  You are doing a week-long special on “Money basics”. You will interview different people throughout the week to discuss different financial topics.  Today's assignment will focus on Debt, Credit, Mortgages, and Auto Loans.

  • Please click the assignment icon to access the assignment. 
  • You need access to Google drive in order to access the assignment
 CLICK HERE FOR THE  ASSIGNMENT

CLICK HERE FOR THE  ASSIGNMENT


Activity 4:

COMPLETE THE FORM BELOW

  • Complete the form below
  • SKILLS PRACTICED: REFLECTION, PERSONAL WRITING, PROVIDING FEEDBACK

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