An Adventure into the World of Credit

An Adventure into the World of Credit

• Getting Started

• Sharing the Purpose

• Homework 1

• Creating a Spreadsheet

• Getting Started

• Sharing the Purpose

• Homework 1

• Creating a Spreadsheet

• Graphing from Spreadsheet

• Bringing It All Together: Homework 2

• Graphing from Spreadsheet

• Bringing It All Together: Homework 2

Review with the students what credit is and what purpose it serves in a

person’s life. Get the students to begin thinking about “good” credit and “bad”

credit!

Review with the students what credit is and what purpose it serves in a

person’s life. Get the students to begin thinking about “good” credit and “bad”

credit!

advanced features in Microsoft Excel

realities of the world of work

math curriculum - relevant to everyday life

to be a smart consumer

Name: _____________________ Date: _____________________ Teacher’s Name: _____________________ Due Date: _____________________ Requirements: Each student must work with his/her parent/guardian to obtain the information for this project. Note the due date for this project. List two credit cards and their interest rates in the chart below:

Credit Card Name Credit Card Interest Rate List four purchases that you might make. List both the item name and its’ accompanying price.

Item to be Purchased Cost of Item to be Purchased

Name: _____________________ Date: _____________________ Teacher’s Name: _____________________ Due Date: _____________________ Requirements: Each student must work with his/her parent/guardian to obtain the information for this project. Note the due date for this project. List two credit cards and their interest rates in the chart below:

Credit Card Name Credit Card Interest Rate List four purchases that you might make. List both the item name and its’ accompanying price.

Item to be Purchased Cost of Item to be Purchased

Insert headings as seen in student handout

Insert data gathered from Homework

Work with teacher on designing formulas

to calculate interest, minimum monthly

payment, and credit card balance

Highlight monthly card balance located in

rows H10 to I22

Select charting button and choose line

chart to represent data

Insert Titles and Legends

Visa and Master Card Balance

$-

$500.00

$1,000.00

$1,500.00

$2,000.00

$2,500.00

Monthly Balance

Do

llar

Am

ou

nt

Visa Master Card

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W h ere d oes a ll th e m on ey g o? !? !S preadshee t

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D raw in g C on c lu s ion sW ord D ocum ent

G ath erin g D a taHom ew ork

W h ere d oes a ll th e m on ey g o? !? !S preadshee t

A n a lyz in g D a taG raph

D raw in g C on c lu s ion sW ord D ocum ent

Name: _____________________ Date: _____________________ Teacher’s Name: _____________________ Due Date: _____________________

1. On the computer you created a spreadsheet to demonstrate how credit cards work. Please explain each of the categories in one complete sentence or more.

Monthly Interest:

Card Balance Plus Interest:

Minimum Monthly Payment:

Card Balance Minus Payment:

2. You designed a graph from part of the spreadsheet you created, what did that graph show? Please explain what was graphed and extrapolate from that data when you think your credit card will be paid off in full.

3. Finally: When your teacher first introduced this project she/he discussed what credit was for. She/he explained the difference between using credit wisely and using credit foolishly. Please explain how the proper use of credit cards can positively affect your financial future and also explain how the misuse of credit cards can cause you financial hardships.

Name: _____________________ Date: _____________________ Teacher’s Name: _____________________ Due Date: _____________________

1. On the computer you created a spreadsheet to demonstrate how credit cards work. Please explain each of the categories in one complete sentence or more.

Monthly Interest:

Card Balance Plus Interest:

Minimum Monthly Payment:

Card Balance Minus Payment:

2. You designed a graph from part of the spreadsheet you created, what did that graph show? Please explain what was graphed and extrapolate from that data when you think your credit card will be paid off in full.

3. Finally: When your teacher first introduced this project she/he discussed what credit was for. She/he explained the difference between using credit wisely and using credit foolishly. Please explain how the proper use of credit cards can positively affect your financial future and also explain how the misuse of credit cards can cause you financial hardships.