Decisions, Money & Entrepreneurship
Credit, Debt, And Borrowing Wisely
This lesson helps students understand what borrowing means before they use credit or take on debt. They compare borrowing choices, look at repayment costs, and create a Borrowing Rules card.
What you will learn
- Understand how borrowing creates repayments in the future.
- Identify the difference between useful borrowing and risky debt.
- Compare realistic borrowing choices using the numbers and the situation.
- Create a Borrowing Rules card with three standards for future borrowing decisions.
What happens in this lesson
Chapter 1: Borrow Now, Pay Later
Understand how borrowing creates repayments in the future.
What you make: A saved borrow-now / pay-later timeline showing one realistic borrowing decision and its real cost over time.
Chapter 2: Debt Quality And Cost
Identify the difference between useful borrowing and risky debt.
What you make: A saved debt quality criteria note explaining in the learner's own words how to tell good borrowing from bad.
Chapter 3: Credit Scenario Decisions
Compare realistic borrowing choices using the numbers and the situation.
What you make: A saved credit decision log showing the learner's reasoning across two realistic borrowing scenarios.
Chapter 4: Borrowing Rules
Create a Borrowing Rules card with three standards for future borrowing decisions.
What you make: A completed Borrowing Rules card with three personal standards and a check question for any future borrowing decision.
Chapter 5: Choose The Least Bad Deal
Compare borrowing options and choose the one with the lowest overall cost and risk.
What you make: A saved borrowing decision memo comparing three financing options and defending the least bad choice.
Key terms in this lesson
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