Understand the Real Cost of Debt Learn how interest, fees and repayment terms can make the amount you repay very different from the amount you originally borrowed.
Make Sense of Credit Scores Understand what a credit score is, what can affect it and why your credit history can matter when you apply for things like loans, credit cards or housing.
Make More Informed Borrowing Decisions Explore credit cards, loans and different types of debt through practical examples, then use what you've learned to think critically before taking on debt.
What's Inside
29 pages of practical financial education and activities, including: ✓ Understanding debt and borrowing ✓ Different types of debt ✓ Good debt vs. bad debt — and why the distinction isn't always simple ✓ Interest and the true cost of borrowing ✓ Credit cards and how they work ✓ Minimum payments and repayment ✓ Credit reports and credit scores ✓ Factors that can affect your credit score ✓ Responsible use of credit ✓ Real-world examples and scenarios ✓ Interactive activities and reflection ✓ Step-by-step Action Plan ✓ Fillable activities for digital or printed use
What Does Borrowing Really Cost?
See how interest and repayment terms affect the true cost of borrowing—and why the amount you borrow is only part of the story.
Understand Your Credit Score
Learn what a credit score represents, what can influence it and why your credit history can affect future financial opportunities.
Put It Into Practice
Work through practical activities and an Action Plan that help you apply what you've learned about debt, credit and borrowing decisions.
Why Understanding Debt & Credit Matters
Credit can be useful. It can help pay for education, a vehicle, a home or other major expenses. But borrowing also comes with a cost—and decisions made today can affect your finances for years. A credit card can make a purchase feel affordable even when the money isn't actually there. A loan payment may fit into a monthly budget while hiding how much interest will be paid over time. And a credit score can influence future borrowing opportunities and costs. Understanding debt before taking it on gives you something valuable: the ability to make an informed choice instead of simply accepting the credit you're offered.
Ready to Understand Credit Before You Use It?
Build the knowledge to make more informed borrowing decisions with Life & Money 101: Debt & Credit Score—a practical 29-page financial literacy module for teens and young adults covering debt, interest, credit cards, credit scores and the true cost of borrowing. 29 Pages • Fillable PDF • Interactive Activities • Real-World Examples • Step-by-Step Action Plan
$9.99