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Managing Debt

Managing Debt

Article • 15 min of learning
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Here's how Managing Debt aligns with curriculum standards in Missouri. Use the filters to change the location, set of standards, and grade level.

I: Financial Decision Making: Choice is the central principle of individuals, businesses and government. People make many choices every day in markets where buyers and sellers interact. Every decision incurs an opportunity cost.

Concept 2: Choice and Decision Making

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Managing Debt
C: Analyze how choices can result in unintended consequences.

V: Using Credit: Credit allows people to purchase goods and services now and repay those costs in the future. Lenders approve or deny credit based on the borrower's creditworthiness.

Concept 1: Facets of Credit

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Managing Debt
B: Compare sources of consumer credit such as credit cards, consumer loans, rent-to-own contracts, title loans and payday loans.

Concept 3: Credit Worthiness

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Managing Debt
C: Identify ways to avoid and/or correct credit problems.
H: Explain responsibilities associated with the use of credit.