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Day 3 DEBT

Day 3 DEBT. Essential Question: Is Credit good or bad?. Vocabulary. Annual Fee Annual Percentage Rate (APR) Credit Debt Snow Ball Depreciation Tax Deduction Journal: Define the vocabulary then explain the correlation to the following activities:

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Day 3 DEBT

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  1. Day 3 DEBT Essential Question: Is Credit good or bad?

  2. Vocabulary • Annual Fee • Annual Percentage Rate (APR) • Credit • Debt Snow Ball • Depreciation • Tax Deduction • Journal: Define the vocabulary then explain the correlation to the following activities: • -Loaning money to a friend or cosigning a loan • -Cash Advance/Rent to own/Title Pawning • -Playing the lotto • -Car loans/ Leasing Cars • -Home Equity Loans/Debt Cons • -Credit Cards • -Adjustable Rate Mortgage

  3. Dave Ramsey Chapter 4 Part 5 & 6 • Class activity: Hidden Costs of Credit • Homework: True Cost of Ownership

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