Showing posts with label Credit Crisis. Show all posts
Showing posts with label Credit Crisis. Show all posts

Wednesday, February 3, 2010

Consumer Ed Resource - The Risks of Payday Loans

Through a cool blog called Cool Infographics I learned about PayDayLoans.org. The purpose of PayDayLoans.org is to educate people about the risks of taking a payday loan. They try to educate visitors through a combination of articles, infographics, and interactive guides. I knew that payday loans had obscenely high APRs but what I didn't know, and learned from their infographic, is that in many states the APR for payday loans can exceed 1000%. The most accessible and educational resource offered by PayDayLoans.org is their How Payday Loans Work interactive tour.

Applications for Education
If you teach consumer education lessons, PayDayLoans.org is a great resource to add to your collection. As part of a larger lesson on consumer borrowing you could have students compare the risks of payday loans with the risks of credit card debt.

Here are some related items that may be of interest to you:
Saving Money in Plain English
Investing in Plain English

Tuesday, March 17, 2009

Investing in Plain English

A couple of my classes are currently participating in a large mock-economy exercise designed to simulate the economic climate of the 1880's through early 1900's in the United States. We have a "Rockefeller," a "Carnegie," and a "JP Morgan" character is starting to emerge. Prior to starting the activity, I showed a couple of Common Craft videos to the classes as reinforcement for the banking concepts that we have discussed. The class watched Borrowing Money in Plain English and Investing in Plain English. I have embedded Investing in Plain English below. If anyone is interested in a digital copy of directions and handouts for the mock economy exercise, send me an email at richardbyrne (at) freetech4teachers.com and I'll send it to you.



Applications for Education
Common Craft has three videos that could be used in a business class, economics class, or in any setting that requires students to have an understanding of banking practices. Here are direct links to each of the three videos: Investing in Plain English, Borrowing in Plain English, Saving in Plain English.

Here are a couple of related resources that may be of interest to you:
The Crisis of Credit Visualized
Understanding the Financial Crisis - Say It Visually

Wednesday, October 22, 2008

Slide Share Credit Crisis Contest - There's a Lesson Idea Here

Slide Share, a slide show sharing service, is having a contest in which contestants have 30 slides to explain the current credit crisis. The contest ends in two days so you don't have much time if you or your students (they would have to be high school age at least) want to enter. But, the idea behind the contest could easily be applied to other subjects.

Applications for Education
If your students are too young to participate the Credit Crisis Contest they can still reap benefits from this Slide Share contest. The contest is producing a lot of content about the credit crisis. Some of the content is informative and some of it will raise questions that you can discuss with your students.

Having a classroom contest or school wide "contest" where students show off the work they produced to demonstrate understanding can be good way to get students excited about learning. Every year my school district has a district-wide art show and a district wide "celebration of learning" where students get to share work with their peers, teachers, and parent. The students, especially younger students, really get excited about these events. Using a program like Slide Share or even just a simple wiki could be one way to conduct an online "celebration of learning" in your school.