Grade: 3 Lesson # 9
How can you shop smart with Credit?
SS.4.FL.4.2 Identify instances when people use
credit, that they receive something of value now and
agree to repay the lender over time, or at some date
in the future, with interest.)
Correlated Literacy Standards:
LAFS.3.RI.1.1 Ask and answer questions to demonstrate understanding of a text, referring explicitly to
the text as the basis for the answers
LAFS.3.SL.1.1.b Engage effectively in a range of collaborative discussions (one-on-one, in groups, and
teacher led) with diverse partners on grade 3 topics and texts, building on others’ ideas and expressing
their own clearly. Follow agreed-upon rules for discussions (e.g., gaining the floor in respectful ways,
listening to others with care, speaking one at a time about the topics and texts under discussion),
LAFS.3.W.2.4 With guidance and support from adults, produce writing in which the development and
organization are appropriate to task and purpose
SS.4.FL. 4. 2 Identify instances when people use credit, that they receive something of value
now and agree to repay the lender over time, or at some date in the future, with interest.
The Road to Good Credit!
Lesson Number :
#9
Correlated Florida Standards (See Full Text on Cover Page)
 LAFS.3.SL.1.1.b
 LAFS.3.W.2.4
Essential Question
 What happens when I use a credit card?
 What are the positive and negative aspects of credit buying?
 What are the responsibilities that come from buying with credit?
Learning Goals/Objectives
 Explain how credit cards work.
 Recognize the risks and rewards of using credit cards.
 Identify the responsibilities that come with having a credit card.
Overview
In this lesson, students will explore using credit cards. They will learn how credit cards work,
and understand both the positive and negative aspects of using credit cards. Students will also
come to understand the responsibilities that come with having a credit card..
Materials
 Discovery Education Video Credit Cards: (You must be logged in through M-DCPS
employee portal – Discovery- to access) (1 minute)
https://app.discoveryeducation.com/learn/videos/00D81342-6794-44EF-9DEF1B0F7EF21403?hasLocalHost=false
 Large Chart paper, markers
 Road to Good Credit board game (included) and dice – 1 of each for each group of 4
students.
 Small square of different colored construction paper for each student to use as game
pieces
 3x5 index cards
Time
 30 min.
Activity Sequence
Hook:
Tell students that in today’s lesson, they are going to look at buying goods and services with a
credit card. Show the Discovery video:
https://app.discoveryeducation.com/learn/videos/00D81342-6794-44EF-9DEF-
1B0F7EF21403?hasLocalHost=false. After viewing the video ask students what they learned
from the video about credit cards. (Examples: use card to buy things; different types of cards;
each unique; account numbers; signature; pay each month) (4 minutes)
ACTIVITY
1. Explain to students that most things in life have both a positive aspect and a negative aspect.
Give students examples. Then ask: Can you tell me some of the positive aspects of eating
candy? What are the negative aspects of eating candy? Tell the class that today we are going
to look at using credit cards. We will be talking about how they work and both their positive
and negative aspects. (2 minutes)
2. Post the terms: Credit Cards, Positive Aspects of Using Credit Cards, Negative Aspects of
Using Credit Cards, Having Good Credit, and Paying Credit Cards written on large chart
paper in six different locations in the classroom. Then have students do a gallery walk around
to each chart and write their own prediction to define each term or give examples to describe
the terms. Review and share answers. (5 minutes)
3. Explain to students that now they are going to play a game. The game will provide situations
that are about the positive aspects of using credit cards and the negative aspects of using credit
cards. When you land on a “situation” that is positive, you will be able to move forward.
When you land on a “situation” that shows a negative aspect of credit card usage, you will
have to go back spaces.
 Provide each group of 4 students with dice and a copy of the Road to Good Credit board
game.
 Students will roll dice and read the spots on the board game layout to determine if they
can roll again or lose a turn. The winner will arrive to Success Street when they have
made good credit decisions along the way. (15 minutes)
CLOSURE
Revisit the essential questions in a class discussion. Have students explain the responsibilities
that come with having a credit card. Then have students will create a scenario that shows good
credit decision making and bad decision making on either side of a 3x5 index card. (4 minutes)
OPTIONAL EXTENSION SUGGESTION/HOME LEARNING
Students may create posters both the positive and negative aspects of using credit cards.
Sources/Bibliographic Information that contributed to this lesson:
Discovery Education – M-DCPS Employee Portal
http://www.econedlink.org/teacher-lesson/591/You-Can-BANK-This-(Part-4)
Road to
Good
Credit
Road to
Good Credit
Directions: Roll the dice to land on a space. Read the financial situation to move
around the board. The winner will reach Success Street.
START
You save wisely and only
have two credit cards.
Move Ahead
Skip Ahead two spaces
You earned $20 by cutting
the neighbor’s grass. You
had $20 to pay cash for a
music CD that cost $20, but
you put it on your credit
card anyway
You have
reached
SUCCESS
You were approved for a
credit card. You have
GOOD CREDIT!
I Have Good Credit!!!
You were turned down
for a purchase because
your credit card was
“Over the limit.”
Go back two spaces
You only charge
something when you are
sure that you can pay the
money back.
Skip one space ahead
You received a letter that
your credit card payment
is PAST DUE!
Go back three spaces
Go Back to START.
You saved some money
and opened a savings
account
You make sure to pay off
your credit card before
making another big
purchase.
Skip ahead one space.
Skip Ahead three spaces
You forgot to make your
credit card payment this
month.
ROLL AGAIN
Go Back two spaces
SKIP A TURN
You are never late
making credit card
payments.
Skip Ahead two spaces
You have 10 credit cards
and you are having
trouble paying all of
them each month
Go back two spaces
You have been earning
money. You use half of
the money to pay your
credit cards and put the
other half into a savings
account.
Go to the next space