Week 5 - Credit Part 2
Post date: Oct 25, 2017 5:25:20 PM
Monday 10/30- (Double Credit entry...since it's 9-12 sentences)
What do you think are the "top 3 reasons why people borrow money?" For each of these reasons, write 3-4 sentences explaining:
- why so many people borrow money for this reason
- whether or not you think it's a good idea to borrow money for this reason
Due Wednesday - "Tale of 2 loans" google slides shared with jcotter@assabet.org
6 slides (besides the title page and any additional pictures)
1) The item that both people will take out a loan for (with link)
2) Person #1's credit story
3) Person #1's interest rate and payment plan (with link)
4) Person #2's credit story
5) Person #2's interest rate and payment plan (with link)
6) Total cost for both and comparison
Tuesday 10/31 For each of these purchases, write whether you should
"sometimes", "always" or "never" take out a loan to pay for them.
Explain your reasoning for each:
- House
- Car
- Vacation
- To pay for your College Education
- Your "first and last" months rent of your apartment
- To Pay for your Wedding
- To pay for your dad's knee operation
- To pay for your daughter's college education (imagine that you have one)
Wednesday 11/1 - Write everything you know about predatory
lending. If you don't know what it is, write 7-10 sentences about
what you think predatory lending is.
Classwork - "How credit card payments work?" activity
https://docs.google.com/document/d/1xpuau_aYuBi3TgmEBrcCLAI5CLOfanOLq5x4rt5LVDg/edit
Exit Journal - Why is it important to have good credit before you
buy a new car? Summarize the DCU example we used in class.
Thursday 11/2 - Write down all of the factors that you think
can effect your credit score. What specific steps can you take
to make each of these factors work in your favor?
Exit Journal - What did you learn from "Foolproof Jeopardy"
that you didn't know before? (or...What were you reminded of
that you already knew?)
Friday 11/3
What do you think the benefits of having a checking account are?
What are some things that you can't do if you don't have a checking
account? (7-10 sentences)
Classwork (no quiz today):
1) Foolproof #4
2) Foolproof #5
3) Google presentation summarizing Foolproof #16 or Foolproof #14 (extra-extra credit)