
Yesterday, Common Craft released a new video that explains borrowing money in plain English. As always, Common Craft does an excellent job of explaining what can be a complex topic in a very easy to understand form. The video is embedded below in Dot Sub form.
Applications for Education
Bank Jr. could be a good place for students to learn about saving money and commonly used banking terms. In the teacher section of Bank Jr. teachers can find PDF forms for teaching banking basics like keeping an accurate ledger.
The Common Craft video should be required viewing for high school and college students. Too many students get to college and get into debt in part because of ignorance about the pitfalls of borrowing more than you can afford to repay.
Here are a couple of other resources for teaching about banking and economics.
The History of Credit Cards in the United States
Saving Money in Plain English