Supply of paper for student brainstorming; board or chart paper, markers, tape (easel if there is limited wall space)
Prior to beginning this activity the facilitator should write the following points of information so that they are visible to all participants:
The facilitator should begin this activity by stating the following:
Amanda said, "Over about six months between five cards, I spent less than $4,000… I acquired over $30,000 in debt."
Question: How did Amanda manage to accumulate $30,000 in such a short time?
Divide the participants into small groups of three or four. Tell participants in each group to read over the five points of information visible in the classroom.
Next ask each group to brainstorm, by adding up fees, how many penalty fees it might take on five cards to add up to a balance of $30,000.
Facilitator Tip: One example of how this can be done is found in the document "Understanding a Credit Card Bill."
The facilitator should conclude this activity by saying:
"Perhaps this sort of thing happened to Amanda." Ask: How could you avoid the same problem? Lead a discussion and take suggestions on how to avoid Amanda's problems. Here is a list of suggestions that might be included in the discussion:
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