Module MCM.3.2: Debt Management

Standard: EPF.MCM.3.2

Objective: Explain strategies for managing and reducing debt.

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Lesson Overview

• Identify types of debt (good vs. bad)
• Discuss repayment strategies
• Analyze consequences of excessive debt

Teacher Notes

• Use debt payoff calculators
• Relate to student/parent experiences
• Discuss bankruptcy and credit counseling

Activities

• Debt repayment simulation
• Guest speaker: Debt management expert
• Create a debt reduction plan

Assessment

• Quiz on debt management
• Written debt reduction plan

Resources

• NC DPI EPF Standards
• Debt management tools