Lesson 3: Credit Concepts

Four Dollars and Fifty Cents
(Source: Money Management International)
In this lesson from Money Management International, students use the book Four Dollars and Fifty Cents by Eric A. Kimmel to discover ways that creditors can obtain payment from reluctant debtors.

The book, Four Dollars and Fifty Cents, is available at your local bookstore, public library, or at Amazon.com.

Mr. Popper's Penguins
(Source: Money Management International)
This lesson from Money Management International addresses the issue of credit, focusing on the importance of wise credit decisions, the risks lenders face, the role of interest or finance charges, and the credit user's responsibility to repay. Students read Mr. Popper's Penguins by by Richard and Florence Atwater and discuss the use of credit in the story. They play a game that demonstrates the importance of responsible use of credit.

The Book, Mr. Popper's Penguins, is available at your local bookstore, public library, or at Amazon.com.

 

Junior Achievement's Economics for Success™
(Source: JA Economics for Success)
JA Economics for Success explores personal finance and students’ education and career options based on their skills, interests, and values. It also demonstrates the economic benefits of staying in school. Six required, volunteer-led activities.
Read details about JA Economics for Success™
Watch a video about the JA program
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Good Debt, Bad Debt: Using Credit Wisely
(Source: NEFE Unit 4)
Designed for teens and new graduates, this lesson plan teaches older teens about the benefits and pitfalls of credit cards and loans.

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