OVERVIEW 

Credit cards, auto loans, home mortgages, pawn shops … you’ve probably heard a lot about debt over the years—good and bad. But debt itself is actually neither. It’s merely a tool to buy something now and pay for it later. How we use debt is what’s good or bad. This lesson will help you assess reasons to use or to not use credit. 

In this lesson students will weigh the benefits and risks of borrowing. Along the way they will: 

• Discuss why people borrow.  

• Give examples of acceptable and unacceptable situations to use credit.  

• Explain how borrowing impacts spending power.