FINANCIAL LITERACY - The Money Trail - Part 16 - Loans Galore

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FINANCIAL LITERACY The Money Trail Part 16 - Loans Galore -- teaches students that banks, credit unions, and mortgage companies lend money for major items like cars, student loans, or homes. Other loans, such as small business loans and loans from the Department of Veterans Affairs (VA), are only available to select groups of people. Yet, there are loans students need to know about and learn the reasons why they should avoid such loans as payday loans, title loans, pawnbroker loans, etc. Included is an activity sheet where students identity the parts of a promissory note, examine and answer questions from an amortization table, and complete math problems where they calculate lump sum loan payments including interest. The activity includes an answer key. In addition, a study guide with answers is also provided for teacher convenience and student review.

Do your students understand there a many options when they need a loan? Do they possess the simple tools needed to determine which type of loan would be needed to help fund college or buy a car? Statistically, college freshmen carry an average of $900 in credit debt, and the average graduating senior has more than $20,000 in student loans; how should they avoid this type of financial debt? How will your students determine whether to borrow now or save and buy it later?

Then, Financial Literacy: The Money Trail Series is just what you are looking for! In each part of the series, students will develop a working knowledge of the financial decisions that they need to make now and in the future. The Financial Literacy Parts are reinforcement activities using current research stats that parallel the standards. They are not intended as stand-alone units rather they are interactive activities between the teacher and students. The Money Trail Series supports the National Standards for Financial Literacy in the following: Earning Income, Buying Goods and Services, Saving Money, Using Credit, Investing, Protecting and Insuring.
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Here are the links to all FINANCIAL LITERACY categories where you can find the products that are of interest to you. These links include 24 Chapters and Activities, Instructional PowerPoints for ALL Chapters, Checkpoints (Tests), 3 in 1 Package Deals, Bundles "Galore, and the "Flip of the Die" Budgeting Simulation. For more information, click on these links below:

FINANCIAL LITERACY - Individual Chapters & Activities

FINANCIAL LITERACY - PowerPoints for ALL Individual Chapters

FINANCIAL LITERACY - Checkpoints (Tests)

FINANCIAL LITERACY - 3 in 1 Package Deals (Chapter, Test & PPT)

FINANCIAL LITERACY - Bundles "GALORE"

FINANCIAL LITERACY - FLIP OF THE DIE "`14-Day Budgeting Simulation." This activity fits nicely with the FINANCIAL LITERACY - "The Money Trail" series. It is a hands-on computerized (EXCEL spreadsheet) unit that reinforces what students learn when they finish or during the "The Money Trail" Parts. Access to computers is essential when teaching this unit. An option could be to use this activity as a final project. "
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Get all of the FINANCIAL LITERACY products we offer and incorporate these thought-provoking items into your teaching repertoire. All of our Education Get Real materials are available here on this Teachers Pay Teachers website and we currently have materials in the areas of English, History, and CTE.

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Keywords: personal finance, real world, integration, interdisciplinary, customers, secondary, home school, math, economics, income tax, taxes, budgets, budgeting, financial goals, financial plan, savings, investing, banking, money, profit, cash, marketing, salaries, salary deductions, payroll, payroll register, 1040EZ form, tax forms, tax return, banking, bitcoins, check register, checking account, reconciliation, IRS, Federal Reserve, notes, credit score, credit bureaus, credit application, interest, finance charge, loans, installment loans, co-sign, co-signer, co-signing, loan sharks, installment loans, personal loans, simple interest, insurance, identity theft, payday loans, title loans, car loans, mortgage loans, cash advances, amortization table, promissory note, fraud, credit protection, credit responsibilities, self-employment, contract, agreement, stocks, bonds, mutual funds, life insurance, auto insurance, automobile, car insurance, stock market game, health insurance, employee benefits, wants, needs, services, percentage, periodic rate, interest rate, inflation, student loans, installment loans, car loans, home loans, homeowners insurance, renters insurance, deductibles, standard deduction, apartment, fixed expenses, variable expenses, bartering, understanding money, spending, invest wisely, earning, payroll, Education Get Real, EGR.


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Total Pages
13
Answer Key
Included
Teaching Duration
1 hour

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FINANCIAL LITERACY - The Money Trail - Part 16 - Loans Galore
FINANCIAL LITERACY - The Money Trail - Part 16 - Loans Galore
FINANCIAL LITERACY - The Money Trail - Part 16 - Loans Galore
FINANCIAL LITERACY - The Money Trail - Part 16 - Loans Galore