Credit? What’s That?
Spiritual Lesson – Credit
Discuss what a credit score is, and how it affects you . Discuss the different factors that affect your credit score. Explain how your credit score reflects your financial choices in life.
|What can you do with credit?||What affects your credit score?|
|Low interest rate||Payment History|
|Better chance for approval||Amounts owed|
|Better car insurance rates||Length of History|
|Avoid security deposits on utilities||Types of Credit|
“Some debt—such as for a modest home, expenses for education, perhaps for a needed first car—may be necessary. But never should we enter into financial bondage through consumer debt without carefully weighing the costs” Elder Joseph B. Wirthlin, May 2004
Activity – Monopoly
Play the Monopoly Board game, you can also use the Monopoly Mobile App.