CHARLESTON, S.C., March 20, 2013 (GLOBE NEWSWIRE) -- CompareCards.com, one of the most trusted credit card comparison sites used today, launched an instructional lesson plan for both middle school and high school teachers. The goal of this lesson plan is to educate children between the ages of 11-18 about the different aspects of building credit and credit card ownership.
Currently, state-wide education about economics and finances are not a required course of study. According to "Survey of the States: Economic and Personal Finance Education in our Nation's Schools" (2011), only 22 states require a high school course in economics and less than 20% of our educators feel confident to teach topics involving personal finance.
"Our goal is to remain diligent in our efforts to educate our current and future consumers about building good credit," said Chris Mettler, Founder and President. "Much of our youth are misguided by false information and we want to improve their perception about credit card use so they are knowledgeable when they apply for their first credit card."
The lesson plans are both designed to last about an hour in length, come complete with a quiz to test the students' knowledge, include six exercises each, and a glossary of terms for better understanding. The middle school lesson plan defines what credit is and how it's measured, how to build good credit, defines bad credit and why people have bad credit, and how to build credit. The high school lesson plan is more in depth and rich with information for soon-to-be credit card owners. The lesson plan first defines how credit works and the fees that are associated with credit cards, how to avoid credit card debt, explains the different reward programs associated with cards, and the key factors to consider when determining which credit card to choose.
In addition to the lesson plans, there are 5 units available that cover an introduction to investments. They are designed for students in high school and briefly cover what an investment is and how it works; what a bull and bear market is and the differences between them; an overview of stocks and what a stock broker does; and an explanation of other types of investments such as CD's and mutual funds.
According to the same survey, research shows that students from states where a course in financial education is required had the highest financial knowledge and were more likely to have positive financial behavior. Students in these states were more likely to save money and pay off credit cards in full each month, were less likely to max out credit cards or make late payments, and less likely to be compulsive purchasers.
Both lesson plans and the units covering investments will be available to all teachers and educators in all 50 states in the form of a downloadable PDF at CompareCards.com.
CompareCards.com was formed 12 years ago as a listing resource, but has grown to one of the most trusted credit card comparison sites used today. Users are able to compare credit card offers using a side-by-side comparison tool to find the best offer for them based on different categories. CompareCards is dedicated to helping users search for the best available credit card offer despite credit worthiness. Efficiency and credibility make all the difference. For more information, go to www.comparecards.com.
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The following files are available for download: