Financial Pitfalls Activities: what you ought to understand

Financial Pitfalls Activities: what you ought to understand

Financial Pitfalls Strategies

ANALYZE: Change a Bad Financial Habit

In this task, pupils should be able to:

  • Examine a bad economic habit of theirs that they wish to alter
  • Understand the Habit Cycle as described by Charles Duhigg in their guide, the energy of Habit
  • Create and execute an idea to simply help them alter their bad monetary practice
  • Think about the way the Habit Cycle empowers them to alter their practices

ANALYZE: The Impact of Ads

In this task, pupils should be able to:

  • Comprehend the strategies that are various used to influence customers
  • Determine 6 different commercials and determine which techniques advertisers are employing many effectively

DETERMINE: Play the Lottery or Save? (Sp)

In this activity, pupils should be able to:

  • Use an on-line calculator to determine the worthiness a typical texan who generally plays the lottery would draw out by spending the funds in a your your retirement account rather.
  • For sale in English & Spanish

DETERMINE: The Cost of Rent-to-Own

In this activity, pupils should be able to:

  • Make use of a charge card calculator plus some information from Consumer Reports to compare the price of “purchasing” a washer dryer from Rent-to-Own versus purchasing the exact same washer dryer on a charge card.

CARTOONS: Predatory Lending

In this task, pupils should be able to:

  • Examine a true quantity of cartoons about predatory lending and choose one to assess much more level
  • Give an explanation for cartoon’s key message about predatory financing and just how it illustrates that message

COMPARE: Kinds Of Identity Theft (Sp)

  • Explore the various kinds of identification risk and theft factors for every single.

SMALL PRINT: Car Title Loan Agreement

With this specific print that is fine should be able to:

  • Read an automobile name loan contract by reviewing details such as for instance interest payment and rate schedules
  • Recognize exactly how car name loans trigger customers to get into much much deeper financial obligation

SMALL PRINT: Cash Advance Agreement

With this specific print that is fine should be able to:

  • Read a loan that is payday by examining details including APRs and interest
  • Recognize just how pay day loans can cause customers to get into much deeper debt

INTERACTIVE: Are You Currently Hacked?

In this task, pupils should be able to:

  • Finish a quiz to observe several times their information that is personal was hacked
  • Propose solutions in order to avoid these cheats

INTERACTIVE: Shady Sam

In this task, students should be able to:

  • Have fun with the part of that loan shark
  • Know very well what techniques loan providers used to optimize their profits
  • Determine which loan terms increase profits for loan providers
  • Read about various kinds of loans and fees loan providers offer and fee

INTERACTIVE: Win the Powerball!

In this task students should be able to:

  • “Play” the Powerball using an on-line lottery simulation and explore the possibilities of winning the jackpot that is huge
  • Observe how they fare standing up resistant to the effective good imagery and attraction for the Powerball ads
  • Complete an optional mathematics bonus part to dive just a little much much much deeper in to the possibility of any specific quantity being chosen a success

MOVE: Is It a Pitfall?

In this task, pupils should be able to:

  • Think critically about some typically common monetary pitfalls and understand that individual values and circumstances have impact that is great the monetary choices individuals make.
  • Get fully up and going, out of their seats!

TASK: Create a ripoff Guidebook

In this task, pupils should be able to:

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  • Operate in teams to generate A ripoff Guidebook
  • Have full Scam Guidebook that each pupil can think on as soon as every team contributes

TASK: Create a PSA or Ad for Predatory Lending

In this task, pupils should be able to:

  • Work with teams to either
    • Produce a service that is public teaching their audience to keep far from predatory lenders OR
    • Create adverts persuading their potential audience to utilize their form of predatory lending item

PROJECT: Publish an ID Theft Awareness Campaign

In this task, pupils should be able to:

  • Publish a Public Awareness Campaign to simply help pupils in school find out about several types of ID theft and means they are able to protect their information
  • Operate in groups to conduct research and produce interaction tools which they shall make use of through the campaign

TASK: The Million Dollar Matter: Is the Lottery Good or Bad?

In this activity, pupils should be able to:

  • Take part in a debate on whether state-operated lotteries benefit or harm lottery champions and culture in general
  • Have a part, conduct research on arguments and counterarguments, and form an opinion that is personal the debate

TASK: the relationship that is real: Reconcile Your Money

In this task, students should be able to:

  • Simply simply Take from the part of the character that is quickly become married
  • Training reconciling a partner to their finances on many different subjects within their economic lifestyles, such as for example housing, financial obligation, etc.
  • Think about the necessity of having a conversation about funds having a partner or partner

TASK: Write a Children’s Book on Bankruptcy

In this task, pupils should be able to:

  • Work with partners to publish and produce a Children’s Book about Bankruptcy

BROWSE: Bankrupt at 23

In this task, pupils should be able to:

  • Read and answer an article from a female that has to seek bankruptcy relief at age 23 as a result of out-of-control charge card investing and financial obligation.

STUDY: Unsecured Loans

In this task, pupils should be able to:

  • Utilize this reading guide to know about all unsecured loans and methods to make use of if a member of family or buddy asks for the money.

ANALYSIS: Bankruptcy Online Quest (Sp)

In this task, pupils should be able to:

  • Make an online search to analyze definitions for key bankruptcy terms.
  • Describe the vocabulary within their words that are own offer examples.
  • Obtainable in English & Spanish

ROLEPLAY: Say NO to Loan Requests (Sp)

In this task, pupils should be able to:

  • Role-play decreasing to provide loans that are personal relatives and buddies in a number of real-world situations.
  • For sale in English & Spanish