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Credit Score Board Game - Credit Cards, Loans, Mortgages, and Financial Literacy

Rated 4.67 out of 5, based on 9 reviews
4.7 (9 ratings)
;
Grace Under Pressure
327 Followers
Grade Levels
8th - 12th, Homeschool
Standards
Formats Included
  • PDF
Pages
4 pages
$4.00
$4.00
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Grace Under Pressure
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Easel Activity Included
This resource includes a ready-to-use interactive activity students can complete on any device.  Easel by TPT is free to use! Learn more.

What educators are saying

This was an excellent way to see how certain events will impact a Credit Score. This made a dry lesson exciting and engaging. We had a discussion about what type of activities impact Credit Scores and how the point values can indicate how much it is impacted! Creative and fun
This resource was a perfect end to our credit unit! This is a difficult unit to keep students engaged in so using this board game during it was perfect to help with their understanding and keep them engaged in learning!
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Description

This fun, financial literacy lesson teaches students about credit scores and how to build up a good one. You can use it as a stand-alone lesson or during a personal finance unit.

Here’s how it works:

- Show your class a video to introduce the idea of credit scores: https://www.myfico.com/credit-education/what-is-a-fico-score

- Go through the two included slides and encourage students to take notes (or print a double-sided handout for each student).

- They will learn about five actions that affect credit scores: paying bills on time, how much of your credit you use regularly, how old your accounts are, having different kinds of credit, and opening new credit accounts.

- Print a game board for each group of two to four students.

- Have a six-sided die to go with each board.

- Each student needs a small item to use as a counter on the board.

- Students roll and play the game, keeping track of how their credit score rises and falls based on the realistic events on the board.

- They can use a scrap piece of paper to keep a running tally: which is great mental math practice for addition and subtraction of numbers in the hundreds!

- The winner has the highest credit score at the end of the game.

The game is designed so that students will end up with realistic credit scores (ranging between 300-850) based on the spaces they land on and the events they will experience. Some are positive (paying off bills on time) and some are negative (opening too many new credit accounts in a short period of time).

What's Included:

4 Page PDF: Ready to Print and Use!

- Teacher Instructions

- 2-Page Handout or Slideshow

- Game Board (to print for each group of players)

Total Pages
4 pages
Answer Key
N/A
Teaching Duration
1 hour
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Standards

to see state-specific standards (only available in the US).
Model with mathematics. Mathematically proficient students can apply the mathematics they know to solve problems arising in everyday life, society, and the workplace. In early grades, this might be as simple as writing an addition equation to describe a situation. In middle grades, a student might apply proportional reasoning to plan a school event or analyze a problem in the community. By high school, a student might use geometry to solve a design problem or use a function to describe how one quantity of interest depends on another. Mathematically proficient students who can apply what they know are comfortable making assumptions and approximations to simplify a complicated situation, realizing that these may need revision later. They are able to identify important quantities in a practical situation and map their relationships using such tools as diagrams, two-way tables, graphs, flowcharts and formulas. They can analyze those relationships mathematically to draw conclusions. They routinely interpret their mathematical results in the context of the situation and reflect on whether the results make sense, possibly improving the model if it has not served its purpose.

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327 Followers