Post date: Jan 31, 2020 3:38:4 PM
Monday 2/10 - (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
Classwork -> “Types of Credit” Review Stations
Tuesday 2/11 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" month’s 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)
Period 4 “Types of Credit” Test ->
https://forms.gle/KmMqeYaAnuckW3Dr8
Period 5 “Types of Credit” Test ->
https://forms.gle/F2ikoLMF9rsKUu1u5
When you are done, work on Foolproof #16 (on Bankruptcy)
Wednesday 2/12 - What are 10 things that you will probably need to
borrow money for in the next 20 years?
Due Thursday 2/13 - "Tale of 2 loans" google slides shared with jcotter@assabet.org
6 slides (besides the title page and any additional pictures)
Presentations will be tomorrow!
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
Here's the page with the loan calculator:
https://www.dcu.org/plan/loans/how-much-will-my-loan-payments-be.html
Thursday 2/13
Journal - 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:
1) "Tale of 2 loans" presentations
2) Foolproof Jeopardy!
Friday 2/14
Journal - 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?
Classwork -
Student Activity Packet 7.1-7.3 “Your Credit & Your Credit Report” https://docs.google.com/document/d/1R-X0P9cPZKHaF2lJrU7u9Me878k14J-kEQuB1LTlo04/edit?usp=sharing
Extra credit - Foolproof #16 "I'm broke"