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.
Introduction to APR or Annual Percentage Rate for Kids and Teens This video explains the concept of Annual Percentage Rate in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about APR, or used as a money & personal finance resource by parents and teachers as …
Introduction to Borrowing and Loans for Kids and Teens This video explains the concept of a loan in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about loans, or used as a money & personal finance resource by parents and teachers as part of a …
When we discussed student loans, you mentioned federal and private student loans. But what is a Federal Student Loan? Federal student loans are funded by the federal government. They have a fixed rate of interest, and their terms and conditions are set by law. Students with a financial need may even qualify for a subsidized …
Introduction to Student Loans for Kids and Teens This video explains the concept of a student loan in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about student loans, or used as a money & personal finance resource by parents and teachers as part of …
What is Foreclosure? Foreclosure is a legal process where your home is put up for sale by the lender. It happens when your home is used as a collateral for a mortgage, but you default and aren’t able to pay back. Then the lender can foreclose your home to recoup the remaining loan amount with …
Howdy Wall St. Willy! My friend went to get a mortgage to buy a house but the bank that was lending the money to him asked for a down payment. So, what is a down payment anyway? A down payment is money that you pay upfront when you take a loan. For example, you usually …
Howdy Wall St. Willy! Earlier you talked to me about a mortgage. But I want to know about the different kinds of interest on a mortgage. Can you tell me about that? Of course, I can. The different types of interest for a mortgage are mainly fixed interest or floating interest. Floating interest is also …
Part 1: What is a Credit Card, How Does a Credit Card Work Part 2: Pros & Cons of Credit Cards, Should You Use a Credit Card Introduction to Credit Cards for Kids and Teens This video explains the concept of credit cards in a simple, concise way for kids and beginners. It could be …
Introduction to Mortgage for Kids and Teens This video explains the concept of mortgage in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about mortgage, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course …
Introduction to Real Estate Investing for Kids and Teens This video explains the concept of real estate investing in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about property / real estate investment, or used as a money & personal finance resource by parents and …