PPT-Day 3 DEBT Essential Question: Is Credit good or bad?

1 Vocabulary Annual Fee Annual Percentage Rate APR Credit Debt Snow Ball Depreciation Tax Deduction Journal Define the vocabulary then explain the correlation to the following activities. . Even if you saved $200 a month and put it in a savings account where it earned 3 percent interest, it would still take you seven years to save what you needed to buy the car. Seven years is a long time for most people to wait for wheels! But there is a way you can get that ca Agenda. Start time: ____ . Break time: ____ (10 minutes). End time: ____.  . Please set phones to silent ring and answer outside of the room.. How I Feel About Credit and Debt. How do you feel about being in debt? Here are some sample statements. Check the one that is closest to your own attitude.. To define debt and identify the various types of debt and bankruptcy.. To differentiate between good debt and bad debt.. To analyze the different social and economic consequences of bankruptcy.. To identify the sources and consequences of excessive debt.. nd. at 10 am and 7 pm . Debt-free Living with a Modest Incom. e. Each person has the potential to grow their finances much like a tree. The goal is to live a debt-free life, no matter what their income level. Here are 11 things financially successful people do.. Mansfield University TRiO. . Melissa Wise. -First Citizens National Bank. Credit TOPICS. Credit. Credit Scores. Using Credit Wisely. Credit Cards. Credit Programs. According to Citibank, “There are presently 5 to 7 million Americans who are financially overextended.”. Personal Financial Literacy:. Debt Management and Credit Worthiness. Terms. Deposits. Withdrawals. Transfers. Overdraft fees. Automated . Transactions. Bounced Checks. Loan. Debt. Personal Debt. Your . Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. The Mainstream on Debt in Macroeconomics. Private Debt plays no role in mainstream macroeconomics. Improving Financial Capability . in Students. What do Students in These Programs Have in Common?. Student Support Services. Upward Bound. Talent Search. Educational Opportunity Centers. McNair Post Baccalaureate Program. Outstanding money owed by consumers. Examples. Credit Card Debt. Student Loans. Mortgages. Why Is This Important?. Americans Love Debt. At the end of 2010, Americans had $1,117,000,000 in CREDIT CARD DEBT. What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?. by . T. Current as of September 2014. U.S. household consumer debt profile:. Average credit card debt: . $15,607. . Average mortgage debt: . $153,500. . Average student loan debt: . $32,656. . In total, American consumers owe:. What are things you want to buy right now?. Are they wants or needs?. What is Debt?. When someone owes more money than they have.. Questions to Ask your self before spending. Can I afford it?. How will I pay for it?. Credit Card Debt Good vs. Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate: 16-17% When credit card bills are paid off within a month, no interest is paid Original blog posting (December . 17. , 2013). Buyers with credit scores of less than 500 made up more than 27 percent of loans for new vehicles . General rule of thumb is that a “good” credit score is .