Debt- A Detailed Explanation
This lesson teaches kids how debt takes its toll on your finances. For this lesson, we focus 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 how to recognize when their spending habits are out of line with those of a person 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.
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