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.
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 28088Download 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: firstname.lastname@example.org