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Managing Debt

Managing Debt

Article • 15 min of learning
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Here's how Managing Debt aligns with curriculum standards in Washington. Use the filters to change the location, set of standards, and grade level.

12.CD: Credit and Debt

Analyze the costs and benefits of various types of credit.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Managing Debt
3: Illustrate the total cost of reducing a credit card balance to zero with minimum payments versus above-minimum payments, all other terms being equal and no further purchases being made.
8: Explain the effect of debt on a person's net worth.

Apply strategies to avoid or correct debt management problems.

Standards
Defined by State Learning Standards: Financial Education 12th Grade and align with Managing Debt
18: Develop a personal financial plan to manage debt, including working directly with lenders.
19: Examine or research the types of services that financial institutions or consumer credit counseling agencies offer for debt restructuring.
20: Investigate the purpose of bankruptcy and its possible negative effects on assets, employability, and credit cost and availability.