Debt – A Detailed Explanation

This lesson teaches kids how debt takes its toll on your finances. This lesson focuses on credit card debt; the most common and widely used form of debt.

After completing this lesson, your student will understand the difference between “good debt” and “bad debt” and have a greater appreciation for being “bad debt” averse. Kids will learn to recognize when their spending habits are out of line with those of someone who understands how debt can cause long-term financial distress. By opening their eyes to how debt can be a “trap” kids are equipped with the knowledge they need to make better spending choices.