LESSON+A


 * Lesson Title: What About a Credit Card? || Related Lessons: Debt management ||
 * Grade Level: 9th || Unit: Credit ||

Goals Content Standards:
 * Standard 1: Identify the costs and benefits of various types of credit.
 * Standard 3: Describe ways to avoid or correct debt problems.

ISTE NETS-S
 * Creativity and Innovation
 * Communication and Collaboration
 * Research and Information Fluency
 * Critical Thinking, Problem Solving, and Decision Making

Instructional Objective(s):


 * Identify the purpose of a credit card
 * Assess the advantages and disadvantages of credit cards
 * Distinguish between positive and negative credit card behaviors

Action Before Class Preparation: Create a PowerPoint that describes credit card use, tips, advantages and disadvantages. Student will be paired according to their performance level and data. Each pair will consist of a high performing student with a low performing student.

Internet Resources: YouTube: The Confessions of a Shopaholic Movie Clip [] Credit Card Statistics []

Problem Scenario: I am a college freshman and I would like to begin building my credit. I have decided to apply for my first credit card but I do not have any credit history. I am currently unemployed, but searching for a job. My mom, who has excellent credit, has agreed to co-sign my account to guarantee that all my payments will be made on time.

Monitor The teacher will be mobile throughout the discussions and PowerPoint presentation. The teacher will also monitor the discussions and pair work. Students will be required to complete a graphic organizer and a three-question exit ticket prior to the end of class.

Accommodations: The PowerPoint will be available as a print out for those students that request one. The PowerPoint also includes audio. If needed, some students will have the option to write the advantages/disadvantages on paper and/or can complete for homework. Also, students have the option to receive the following chart:

During Class
 * Do || Don’t ||
 *  Pay the amount charged to a credit card in full every month ||  Make late credit card payments ||
 *  Pay credit card payments on time ||  Pay only the minimum payment due ||
 *  Keep track of all charges by keeping receipts ||  Go over the card’s credit limit ||
 *  Check the monthly credit card statement for errors ||  Charge items that can’t be paid off within the month ||

Computer Whiteboard YouTube || Computer Whiteboard YouTube || Computer Whiteboard YouTube || Students will then search for credit card offers and make a comparison between two offers. Students will then c hoose an offer they would apply for and provide three to five reasons why the credit card was chosen. The final deliverable will be in a PowerPoint presentation. || Projector Computer Whiteboard YouTube [] ||
 * ** Time ** || ** Instructional Activities ** || ** Materials and Resources ** ||
 * 10 minutes || The class will begin with a problem scenario that will be presented to the students. Next, the class will view a movie clip from The Confessions of a Shopaholic. || Projector
 * 5 minutes || The class will hold a discussion about what happened in the movie clip as a whole group. A total of three students will be called on to share out. || Projector
 * 15 minutes || Students will view a PowerPoint and take Cornell notes. Students will then review back to the problem scenario and offer a solution to the problem. || Projector
 * 15 minutes || Students will view credit card and debt statistics and discuss. Students will then make a connection between the movie clip and the statistics they have been given and determine if credit card use in the movie is being used to an advantage or disadvantage and explain why by creating a graphic organizer in pairs using Microsoft Word or Excel.

Lesson Reflection and Notes This lesson teaches students the basics of credit cards and how to best use them.

Advantages of Using a Credit Card



Disadvantages of Using a Credit Card ￼￼￼