Title: Don’t Lose Your Shirt (Credit)

Grade level (s): 9- 10

Subject (s): Family and Consumer Science, Math, English

Learner Outcomes:

•  Students will be able to define and distinguish the different types of credit.
• Students will know what to do when a credit card is lost and safety tips on use of the card.
• Students will be able to summarize the advantages and disadvantages of buying on credit.
• Students will be able to calculate the cost of credit.
• Students will be able to compare credit rates and do bar graphs.

• 2 – 3 Days (45 minute Classes)

• Updated interest rates from banks and Mastercard/Visa credit cards

• Computer with access to Internet Explorer or Netscape
• Excel software

• Teacher may locate Internet sites and or have interest rates located (time saving and backup)
• Teacher may have to research safety tips and procedures for lost credit cards.
• Consumer Credit Counseling Service is a good site for credit. This site also has teacher lesson plans for various grades.
• Other credit glossary terms can be found at:
Glossary Of Consumer Credit Terms

• Discuss what credit means and the different types of credit
• Teacher will discuss how to choose a card.
• Discuss what can be done when a credit card is lost and safety tips for using credit card(s)  Tips
• Discuss advantages/disadvantages of credit
• Students will investigate different credit cards and their interest rates.
• Teacher will instruct students to calculate cost of credit and evaluate/compare credit card differences with the use of Excel.
• Students will use the Internet to find a large purchase up to $1000.
• Students will compare credit card differences of their purchase with the use of bar graph.
• Students will use the information found on the Internet to write a short paper, explaining their purchase and thoughts on credit.
• Grading Rubric

• Lesson may be adapted according to the student’s IEP
• Teacher will provide data for car purchase if network is down
• Teacher will provide data for interest rates if network is down

• Plan different purchases for the family, finding the cheapest rates and best method of financing.

• Completion of assigned activities
• Completion of bar graph (credit rating comparison)
• Satisfactory score on credit vocabulary ( answer key)

Math

•     Algebra and Geometry Prep  .2,.4,.5,.17,.19,.20

• Develop plans for financial resource management 2.13
• Analyze issues related to the impact of individual and family financial practices on Society 2.15
• Use practical reasoning to solve financial problems 2.16

• Writing Strategies 9.39
• Spelling 9.54
• Computer Technologies 9.92, 9.95

Math

• Understands and applies basic and advanced concepts of statistics and data analysis
• Understands and applies basic and advanced properties of functions and algebra

• Demonstrates competence in the stylistic and rhetorical aspects

• Manages Money Effectively
• Makes effective use of basic life skills
• Sets and manages goals

• Human Services (Family Services)
• Business/ Marketing (Finance/Accounting, Management/Marketing)
• Fine Arts/ Humanities (Literary/Arts)

• Bonnice – Developing Consumer Attitudes, Cinncinnati: South-Western Publishing Company,1986, Chapter 7
• Maedke – Consumer Education, Encino California: Glencoe Publishing Company,1984, Chapter 5, 6
• Chamberlain – Teen Guide, Encino California: Glencoe Publishing Company, 1985, Chapter 24
• Credit Solutions (Advantages/disadvantages)
• All About Credit Cards
• Glossary Of Consumer Credit Terms
• Consumer Credit Counseling Service
•  How to sort through a buffet line of credit card offers
• Credit Card Rates Guide

Cameron High School
61 Maple Avenue
Cameron, WV  26033