How Do I Make a Decision?
Learn about PACED decision-making
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Lessons & Activities
31-45 min
Evaluating the Benefits and Costs of Credit (Lesson 9B)
OVERVIEW
In this lesson, students are introduced to different types of credit and discuss some of the benefits and costs of credit. They then consider how borrowing affects a person’s net worth.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
How a FICO Credit Score Is Determined
Hear a short overview of credit scores.
MODULES
16-30 MIN
The Art of Decisionmaking
Learn how to make informed decisions.
READING Q&A
16-30 MIN
Advertising: Dollars and Decisions
Review advertising history and strategies ads use to create demand.
LESSONS & ACTIVITIES
46-60 MIN
Weighing Gambling Risks
Describe the risks and expected losses of gambling while evaluating their own money personalities and willingness to gamble.
LESSONS & ACTIVITIES
46-60 MIN
Sports Betting
Examine and experience the role that incentives play on human behavior.
More in This Series
CURRICULUM UNITS
1 HOUR+
Making Personal Finance Decisions Curriculum
Teach valuable personal finance lessons grounded in economic theory.
LESSONS & ACTIVITIES
31-45 MIN
The Wealth Game—Factors for Success (Lesson 1A)
After playing a game simulating wealth creation, students reflect on determinants of wealth: natural abilities, effort, motivation, and luck.
LESSONS & ACTIVITIES
31-45 MIN
Making Choices and Identifying Costs (Lesson 1B)
Introduce the PACED decisionmaking model.
LESSONS & ACTIVITIES
31-45 MIN
The Inventory Game—Net Worth and Cash Flow (Lesson 2A)
Learn about net worth, cash flow, and the relationship between them.
LESSONS & ACTIVITIES
31-45 MIN
Meeting Financial Goals—Rate of Return (Lesson 2B)
Show the two ways that investments can earn a return.
LESSONS & ACTIVITIES
31-45 MIN
Investing in Yourself (Lesson 3A)
Demonstrate the importance of human capital.
LESSONS & ACTIVITIES
31-45 MIN
Entrepreneurship—Working for Yourself (Lesson 3B)
Learn about common traits of entrepreneurs.
LESSONS & ACTIVITIES
31-45 MIN
What Are Taxes For? (Lesson 4A)
Explain why the government provides some goods and services.
LESSONS & ACTIVITIES
31-45 MIN
Understanding Taxes (Lesson 4B)
Learn about factors that make various taxes different.
LESSONS & ACTIVITIES
31-45 MIN
Making a Budget—It Is All Spending! (Lesson 5A)
Discover that all elements of a budget are essentially spending on goods and services.
