- Personal Finance-

Hey Folks! This week we continue our personal finance unit that we will be working on until the end of the semester. This week we will look at banking, credit cards, credit scores, and how to apply for loans. Make sure that you have your login and password to get in to Econlowdown and reach out to me if you need me to resend them to you.

Here’s what you need to know:

Classes: Monday/Wednesday, 9:45 – 10:30 AM

Zoom ID: 723 9635 0716

*as always, please see Teams for the password.

Weekly Objectives

Learn and discuss the advantages and disadvantages of using credit. Discuss key terms related to credit and learn how creditors use capacity, character and collateral as criteria for making loans. Learn about credit rights and responsibilities and identify the rights and responsibilities of using credit. Learn about credit card usage and credit card consumer protection laws. Understand how a FICO Credit Score is determined, how they are determined, and why they are important.

New Assignments Due 12/7

*All Assignments are on Econlowdown

1. It’s Your Paycheck Lesson 6
2. It’s Your Paycheck Lesson 7
3. It’s Your Paycheck lesson 8
4. Cards, Cars and Currency: Lesson 2
5. Cards, Cars and Currency: Lesson 4
6. Continuing Feducation—Understanding How a FICO Credit Score is Determined
7. Banks and Alternatives