General Financial Literacy
Lesson Plans

Strand 5

Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.

Standard 3

Explain and understand credit reports and the significance of credit scores.

• Build Your Credit
  Students will comprehend the essential steps involved in building credit.
• How Credit Works
  Students learn credit terminology and analyze an actual loan application from a family member.
• Life Skills: Financial Fitness for Young Adults. Taking Credit For Your Credit.
  Credit can be a double-edged sword. It offers us the ability to purchase things we might need and want without spending cash but then ties us to the debt that has been created. Understanding the importance of this trade-off is crucial for playing the credit game. A program designed to reach young earners well before serious credit problems can begin.

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http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE).  Send questions or comments to USBE Specialist - Breckon  Heywood and see the Financial Literacy website. For general questions about Utah's Core Standards contact the Director - Jennifer  Throndsen.

These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Board of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Board of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.