Credit Cards- Case Study: Diamonds are Forever (Using Credit Cards Responsibly)
This quick activity is a case study dealing with proper credit card usage/responsibility and is the perfect resource to use when doing a unit on credit cards in a Personal Finance course, etc. In brief, students will read a case study/scenario about an engagement proposal that involves a very expensive diamond ring that was charged on a credit card and the difference in opinion among the couple. Students then need to respond to the scenario in detail explaining what they would do in the situation, disadvantages of having such a large amount of money charged to a credit card, etc. A very detailed answer key is provided that in brief discusses the couples differences of opinion for the situation, importance of using credit cards responsibility, disadvantages of having a lot of money charged to a credit card, etc. This is a great NO PREP activity!
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