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PFL.4 Earning and spending. The student critically evaluates consumption decisions. The student is expected to:
    (A) analyze costs and benefits of owning versus renting housing;
    (B) analyze costs and benefits of owning versus leasing a vehicle;
    (C) compare total costs of alternative methods of payment such as rent-to-own, store credit, installment agreements,
          cash, bank credit card, and debit card;
    (D) apply strategies for making informed decisions about purchasing consumer goods such as comparing prices per unit, looking for
          sales or promotions, and negotiating price.
PFL.8 Credit and borrowing. The student understands the use of credit to make purchases. The student is expected to:
    (A) compare and contrast sources of credit such as banks, merchants, peer-to-peer, payday loans, and title loans;
    (B) compare and contrast types of credit, including revolving and installment credit, and collateralized loans versus unsecured credit;
    (C) evaluate the impact of credit decisions on monthly budget, income statement, and net worth statement.
PFL.9 Credit and borrowing. The student identifies factors that affect credit worthiness. The student is expected to:
    (A) discuss how character, capacity, and collateral can adversely or positively impact an individual's credit rating and the ability to obtain credit;
    (B) describe how to access and interpret a sample credit report and score;
    (C) describe the importance of monitoring credit reports regularly and addressing mistakes;
    (D) identify factors that could lead to bankruptcy such as medical expenses, job loss, divorce, or a failed business;
    (E) appraise the impact of borrowing decisions on credit score, including consequences of poor credit management and bankruptcy.
PFL.10 Credit and borrowing. The student evaluates a decision to use credit. The student is expected to:
    (A) examine the components of the cost of borrowing, including annual percentage rate (APR), fixed versus variable interest, length of term,
         grace period, and additional fees such as late payment, cash advance, and prepayment penalties;
    (B) explain strategies to reduce total cost of borrowing such as making a higher down payment and additional principal payments;
    (C) differentiate between the use and cost of debit and credit cards.
Unit Objectives
Unit Objectives
In this unit the class will learn about the various kinds of credit available.  
Students will examine credit ratings and learn how to earn and keep a good
credit score.  They will investigate problems and other things that might affect
their credit score.  The class will study student loans, mortgages, and auto
loans.  They will learn about the different types of interest and how to calculate
simple and compound interest.  Students will compare credit cards, debit cards,
store credit, and study how to use credit wisely and responsibly.
Unit #3 Daily Lessons (Subject to change)
**Note: Any assignments NOT completed in class will be considered HOMEWORK**
Daily Activities
Monday, Sept. 19
Tuesday, Sept. 20
Wednesday, Sept. 21
Thursday, Sept. 22
Friday, Sept. 23
Monday, Sept. 26
Tuesday, Sept. 27
Wednesday, Sept. 28
Thursday, Sept. 29
Friday, Sept. 30
Calculating Simple & Compound Interest
All About Interest
Your Credit Score
Unit #3/6 Weeks TEST
Review & Prepare for Unit #3 TEST
These two days will be used to review the
information and skills presented in this
unit and measure the objectives learned.
Last Day to Turn in Missing Work
Without the 30% Discount
Study Guide
Types of Credit
Student Loans, Auto Loans, Mortgage (Home Loan)
Pros and Cons of Credit
Credit Cards
College Planning
College Planning
Auto Loan Calculator
Mortgage Calculator
Student Loan Calculator General Loan Calculator