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Should I Use Cash or Credit?
Source: Council for Economic Education (EconEdLink) | Type: Lesson
To use or not to use credit for a major purchase is an important decision. There is a nifty process in making such decisions-one that has been useful to many young people. They have used it not only for credit decisions but also for other major decisions, such as whether or not to take a particular job or what college to attend. In this lesson, we will look at this process and help you apply it. We'll also look at the pros and cons for using credit.
Grades:
Concepts:
- Credit
- Decision Making
- Opportunity Cost
- Scarcity
Standards:
- Economics 2: Marginal Cost/Benefit
Related Resources:
Reviews
This is a great lesson for high school students. This will make them think before spending that money.
This section gave me a lot a great information about credit and the usage of credit cards.
This lesson is great! It is very clear and gives me some other ideas that I can use so that the students can understand credit and opportunity costs.
This is great information...to use as a teaching tool or to teach yourself a lesson!