Chapter 4 - Debt

Myth or Fact:
68% of people in the United States live paycheck to paycheck

• Myth

• Fact

Myth or Fact:
Dave Ramsey says that you MUST build credit

• Myth

• Fact

Tags

CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.8.5

CCSS.RI.9-10.5

Myth or Fact:
You can spend money on whatever you want in college & pay it later

• Myth

• Fact

Tags

CCSS.RI.11-12.8

CCSS.RI.9-10.7

CCSS.RL.11-12.8

CCSS.RL.8.7

CCSS.RL.9-10.7

Myth or Fact:
You NEED a new car.

(Think like Dave Ramsey)

• Myth

• Fact

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Myth or Fact:
If I give money to a friend or relative, I will be helping them.

(Think like Dave Ramsey)

• Myth

• Fact

Tags

CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.8.8

CCSS.RI.9-10.5

Myth or Fact:
By co-signing a loan, I'm helping out a friend or relative

• Myth

• Fact

Tags

CCSS.RL.11-12.6

Myth or Fact:
Cash advances, payday lenders, rent-to-own, title pawning, and tote-the-note lots are needed for lower-income people

• Myth

• Fact

Tags

CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.8.5

CCSS.RI.9-10.5

Myth or Fact:
Car Payments are a way of life

• Myth

• Fact

Tags

CCSS.RL.11-12.6

What are 3 ways you lose money when you buy a new car?

Myth or Fact:
Leasing a car is the best way to get a vehicle

• Myth

• Fact