Managing Debt

Managing Debt

Article • 15 min of learning

Here's how Managing Debt aligns with curriculum standards in Missouri. Use the filters to change the location, set of standards, and grade level.

Personal Finance Course Level Expectations

I: Financial Decision Making: Choice is the central principle of individuals, businesses and government. People make many choices every day in markets where buyers and sellers interact. Every decision incurs an opportunity cost.

Concept 2: Choice and Decision Making

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Managing Debt
C: Analyze how choices can result in unintended consequences.

V: Using Credit: Credit allows people to purchase goods and services now and repay those costs in the future. Lenders approve or deny credit based on the borrower's creditworthiness.

Concept 1: Facets of Credit

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Managing Debt
B: Compare sources of consumer credit such as credit cards, consumer loans, rent-to-own contracts, title loans and payday loans.

Concept 3: Credit Worthiness

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Managing Debt
C: Identify ways to avoid and/or correct credit problems.
H: Explain responsibilities associated with the use of credit.