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Lesson Objectives

Students will summarize their acquired knowledge and create a plan on how they will manage a credit card.

Duration

1 Day: Research and create a PowerPoint presentation.
1 Day: Class presentations and/or discussion of plans.

Description

Working individually, students will create a plan on how they will manage a credit card when they go off to college, work, or are in a position where their parents are not covering their expenses.

This lesson is one part of a larger unit, Credit. While completing this unit, students will learn about how to manage credit in addition to the influence of media on our perception of the good life and how we use credit. Students will also learn about how to shop for a credit card, the use of credit by college students, and the significance of their credit score and report.

Consumer Jungle units are designed to be flexible, and can be used as one integrated unit or individual segments. If you are planning to use the unit in its entirety, please see the Related Content field for the additional lessons. The End of Unit Assessment field contains links to the vocabulary and concept quizzes for the unit.

Materials

• Copies of the My Credit Card Plan worksheet
• Selling Students Credit PowerPoint
• Computers with Internet access
• Microsoft PowerPoint

Step-by-Step Procedure

1. Pass out the My Credit Card Plan worksheet and explain your expectations for this project.
2. Ask students to create a PowerPoint presentation illustrating what they learned. As the teacher, you may chose how many slides students should complete per category. The following categories are just a guide as to what information students should cover. Feel free to set the PowerPoint slide limit to fit your students' abilities and skill levels:

• Introduction: What are your plans after high school? Higher Education, Military, workforce, mission, travel, etc.
• Financial Independent Status: What are your financial responsibilities? What percentage will you be either financially independent or dependent from your parents? For example, if you are going to college, are you paying for tuition and are your parents paying for room and board?
• Who is paying for all the extras like car insurance, gasoline, fun money for going out, etc.?
• Will you get your own credit card or become an authorized user on your parent's card?
• What will you charge on your credit card?
• How will you make sure that you don't spend more on your credit card than you can pay off at the end of the month?
• What advice will you give to a friend to help him or her manage a credit card?
• Students then explain their plans to the class via presentations or facilitated discussion.
• Students may add more slides/information if they'd like to.

Related Content

• Checking Your Credit Report
• Priceless
• Shopping for A Credit Card
• The Good Life
• The Credit Safari
• Find the Fees
• Credit Wisdom

End of Unit Assessment

Students can take the vocabulary and concept quizzes via pen and paper.

Downloads:

• Credit Cards Vocab Quiz
• Credit Cards Concept Quiz

Content Provider

Consumer Jungle is dedicated to providing young adults with the life skills they need to become responsible, informed consumers. Consumer Jungle provides engaging and relevant consumer education curricula covering a variety of topics such as credit cards, transportation, living on your own, personal finances, telecommunications, health, and e-commerce fraud. Developed with input from teachers, students, and parents, Consumer Jungle delivers interactive games, activities, and relevant information directly to the home or classroom.

Website(s)

• Consumer Jungle -http://www.consumerjungle.org

Related Academic Standards

New York State

WST.9-10.6 Use technology, including the Internet, to produce, publish, and update individual or shared writing products, taking advantage of technology's capacity to link to other information and to display information flexibly and dynamically.

WST.11-12.6 Use technology, including the Internet, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information.

HPF.FC.C.3.1.A Students analyze a wide range of factors related to managing personal resources to balance obligations to work, family, and self.

HPF.FC.C.3.1.B Students understand the basics of an individual/family budget and plan to obtain, use, and protect money and assets.

MST2.C.P.IS.1.2 Students prepare multimedia presentations demonstrating a clear sense of audience and purpose. (Note: Multimedia may include posters, slides, images, presentation software, etc.)

MST7.C.C.CO.1.2 Students analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

SS.C.4.1B Students define and apply basic economic concepts such as scarcity, supply/demand, opportunity costs, production, resources, money and banking, economic growth, markets, costs, competition, and world economic systems.