Cards, Cars and Currency is a curriculum unit that challenges students to become involved in three specific areas of personal finance: credit cards, debit cards and purchasing a car.
In this example, students are asked to obtain a credit card disclosure statement, identify the various interest rates and payment rules, and keep track of a revolving monthly balance under several payment scenarios. While modeling several months to a year of credit card statements is easily accomplished with pencil, paper, and a basic calculator, this example is also well-suited for analysis with a spreadsheet.
- Material Type:
- Science Education Resource Center (SERC) at Carleton College
- Provider Set:
- Pedagogy in Action
- Starting Point (SERC)
- Stuart Boersma
- Date Added:
This lesson will provide high school students with information about how a credit card works, and understand what information determines a personal credit score.
This 12-minute video lesson takes a look at the institutions involved in processing your credit card and how they relate to each other. [Core Finance playlist: Lesson 61 of 184]
This 16-minute video lesson provides detailed analysis of the rent vs. buy decision. [Core Finance playlist: Lesson 12 of 184]