Young Money Classroom Activities
Credit Cards 101: A High School Student’s Guide to Credit Cards
A credit report describes your debt repayment history. Included are information about timeliness of
payments, names of creditors, types of credit accounts opened, and the amount of outstanding
balances. Credit scores are based upon information contained in a credit report and can affect
someone’s ability to get a loan, a job, an apartment, or an insurance policy.
After your students have read Credit Cards 101, discuss the following questions as a group:
1. What is credit worthiness? What factors make someone credit-worthy?
2. What are the key factors that affect a person’s credit score?
3. How does credit worthiness impact you as a high school student?/After you have been
4. Why are credit scores used for non-credit related decisions such as a job or auto insurance?
Is this fair?
5. What are some activities that are as gratifying, or more, than spending money?
1. Have students visit the Web sites of the three major credit bureaus (www.equifax.com,
www.experian.com, and www.transunion.com) and search for additional information about
credit reports. Ask them to report to other class members one new thing that they learned.
2. Place two volunteers holding signs that say “I need it” and “I want it” at opposite ends of a
room. Read a list of commonly purchased products and services (e.g., cable television, cell
phone, beeper) and ask students to “vote with their feet” by walking to the side of the room
that describes their opinion about each item.
3. Have students write a short essay (2-3 paragraphs) describing their income and lifestyle
expectations today and in the future. Ask them how it feels to gradually work up to their
desired lifestyle over time. Ask them to project the income/revenue required to meet those
4. Ask students to describe ways to generate extra income so they are not spending more than
5. Use the Credit Report Worksheet attachment and