This product contains 5 scenarios for individuals facing debt management problems. High school students will imagine that they are the author of an advice column on debt management. Provide each student or set of partners with a scenario from the file of someone struggling with debt. Their task is to respond to the individual giving them the best possible advice. Their response should include:
1) The order they recommend the individual pay off their debts
2) Why they selected this debt repayment strategy
3) The impact on the individual's personal budget
4) Long-term consequences of accumulating debt and of filing for bankruptcy
This resource is a creative addition to a Credit Unit and pairs well with the Credit Problems PPT
. The project instructions & 5 scenarios are in an EDITABLE Microsoft PowerPoint Presentation. Additionally, this product contains a simple EDITABLE rubric in Microsoft Word based on 25 points.
I use this resource in my Personal Finance course. I like to have my students share their responses with the class and discuss their answers together.
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