Resources aligned with the “Managing Credit” standard from the National Standards in K-12 Personal Finance Education.
Credit lets you buy now and pay later, usually with interest. Riskier borrowers are charged more. Lenders judge you by your credit history and score, so building good credit keeps borrowing affordable and within reach.
Credit Score or FICO Score A credit score is a number that indicates your creditworthiness. The most commonly used type of credit score is a FICO Score, which was developed by the Fair Isaac Corporation. It gives you a score between 300 and 850. The higher the score the better. For more information, check out: …
Leasing vs Car Loan Comparison for Kids and Teens This video does a comprehensive leasing vs car loan comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about leasing and auto loans, or used as a money & personal finance resource by parents and …
Part 1: What is Leasing a Car, What is the Monthly Payment, How Does Leasing a Car Work Part 2: What are the Pros and Cons of Leasing a Car, Is Leasing Right for You Introduction to Leasing a Car for Kids and Teens This video explains the concept of leasing a car in a …
Part 1: What is a Car Loan, How Auto Loans Work, What is the Monthly Payment Part 2: Things to be Considered when Financing a Car, Should You Get a Car Loan Introduction to a Car Loan for Kids and Teens This video explains the concept of a car loan in a simple, concise way …
Part 1: What is a Personal Loan, Different Types, What Can it be Used For, How to Get a Personal Loan Part 2: Advantages and Disadvantages of a Personal Loan, Should You Take a Personal Loan Introduction to a Personal Loan for Kids and Teens This video explains the concept of a personal loan in …
Part 1: What is a Low Down Payment Mortgage, How Does it Work, Where to Get it Part 2: Advantages and Disadvantages of Low Down Payment Mortgages, Should You Get it Introduction to Low Down Payment Mortgage for Kids and Teens This video explains the concept of a low down payment mortgage in a simple, …
Part 1: What is a Line of Credit (LOC), How Does it Work, Types of LOC Part 2: Advantages & Disadvantages of a Line of Credit, Should You Use a Line of Credit Introduction to Line of Credit (LOC) for Kids and Teens This video explains the concept of a line of credit in a …
A Rent vs Buy Comparison for Kids and Teens This video performs a rent vs buy comparison in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about renting vs buying, or used as a money & personal finance resource by parents and teachers as part …
Introduction to Buying a House for Kids and Teens This video explains the concept of buying a house in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about buying a home, or used as a money & personal finance resource by parents and teachers as …
Introduction to Renting for Kids and Teens This video explains the concept of renting a home or house in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about renting, or used as a money & personal finance resource by parents and teachers as part of …