In this post, we examine credit and debit through a scene in the film Lilo and Stitch. Did you know Lilo had to go into debt to buy Stitch? Nani provide a $2.00 loan with 0% interest to Lilo so she could pay the shelter fees before Stitch could be released. Was this loan a good idea? Was the amount reasonable? What about the interest rate? It's not always a bad idea to borrow money, especially when it is a small amount with a small interest rate. However, when it is a larger amount with a larger interest rate, beware! This lesson from the St. Louis Federal Reserve teaches students to consider how much they are really paying for that loan. Investigate Credit! Look at all the fun Lilo and Stitch have together! Students can use these resources to investigate credit. Then they can create a letter or email to tell Lilo whether it was a good idea to borrow money. Elementary students can use: Secondary students can use:
Use the News! Here are more activities based on newspaper articles on credit from the Tampa Bay Times check out our blog https://floridafinancialliteracy.weebly.com/credit.html. Florida Standards Here are the standards covered through the activities.
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