This week we're looking at debt, credit cards, loans for the first part of the week. The second part of the week we'll be looking at conflict management, connecting with others in times of conflict, and circle sentencing (specifically a Yukon First Nations example). Below are the notes about important vocabulary we need when discussing this part of our finance unit. We also watched a documentary (Click here for the link!) to complete the questions in the booklet.
Credit Cards, Credit Scores, Debt Assignment |
Advantages:
Disadvantages:
- Buy things you need but may not be able to pay for all at once.
- Can build your credit score (so you can get a mortgage or another large loan in the future).
- Helpful for online or travel purchases.
- More secure than cash.
Disadvantages:
- Interest – you pay more to borrow more.
- Easy to spend more than you can afford.
- Can damage your credit score if not managed correctly.
Conflict & Connection:
The photos below are from our class discussion and fill in some of the notes in the booklet we worked through in class.
The photos below are from our class discussion and fill in some of the notes in the booklet we worked through in class.