Avoiding debt
Students read a short story and a handout to learn about excessive debt and ways to avoid or reduce debt.
Big idea
Understanding debt can help you manage your finances and pay your bills.
Essential questions
- How do you avoid debt?
- What are some steps you can take to reduce or better manage debt?
Objectives
- Understand what it means to have debt
- Recommend ways people can avoid or reduce debt
What students will do
- Read a short story and a handout about debt.
- Recommend ways a borrower could avoid or reduce debt.
Download activity
Teacher guide
cfpb_building_block_activities_avoiding-debt_guide.pdf
Student materials
cfpb_building_block_activities_avoiding-debt_worksheet.pdf
cfpb_building_block_activities_what-is-debt_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.