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Lesson Plans

Credit Cards

Component: Borrowing Money & Using Credit | Grade Level: Grade 7-8

Learning Targets:

Targets for knowledge, skills, and behaviours below are possible targets. It is not expected that all will be covered by a single Teaching Unit. Teachers can select their learning targets using the Teaching Units provided (to the right), adaptations of these Teaching Units, or Units/Lesson Plans they develop on their own.

KNOW:

  • Ways to pay for things over time
  • Where you can borrow money
  • The costs associated with borrowing money
  • What a credit card is
  • How a credit card works
  • Different kinds of credit cards
  • Factors affecting the costs of using a credit card
  • What “living within your means” means

BE ABLE TO:

  • Estimate credit card debt that can be reasonably afforded
  • Compare credit card types, services, and costs
  • Use the services of a bank effectively

ACTION/BEHAVIOUR:

  • Recognize there are limits to borrowing
  • Use a credit card wisely
  • Consider the risks and obligations that come with borrowing decisions

Teaching Unit:

Credit Cards

Credit cards are very popular today. They have advantages and disadvantages. It is important that students learn about credit cards and how to manage their borrowing and debts wisely.

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