Managing Debt - The Good, The Bad and The Evil: US 28088

This resource helps teachers deliver the Financial Capability Unit Standard 28088 ‘Demonstrate understanding of credit and debt on personal finances’ (Level 1, 3 Credits). Students will learn about manageable and unmanageable credit and debt. You will learn about the purpose and types of credit and the reasons people choose to use it. This unit standard also includes information around the personal financial impacts of credit, such as interest rates and credit rating.

Curriculum links

Financial Capability is a core generic domain on the New Zealand Qualifications Framework. This unit of work also has links to the Social Sciences and Mathematics and Statistics learning areas.


Click here for an Interactive Financial Capability US Matrix

Managing Debt - The Good, The Bad and The Evil: US 28088

  • Year 11-13
  • 25-30 hrs
  • Mathematics and Statistics
    Social Sciences
    Level 1 Financial Capability Unit Standard
  • Free to NZ schools
  • Led by teachers
    Training Available
Download overview

Students taking part will

  • List different uses of credit 
  • Investigate the risks and benefits of credit 
  • Investigate characteristics of personal loans 
  • Learn what a mortgage is 
  • Investigate and understand conditions relating to credit cards 
  • Research credit unions 
  • Research finance companies 
  • Understand good and bad debt 
  • Learn about the consequences of manageable and unmanageable credit and debt 
  • Complete a practice assessment


For access to the detailed Teaching Guide and Student Assessment for this Unit Standard, please contact us at:

Download includes:

  • Activity: 28088 Interactive Student Workbook
  • Helpful information
  • Fin C matrix