Good Debt, Bad Debt, No Debt

ObjectiveTo help kids understand the difference between good and bad debt and to help them make creative decisions in order to get the things they want.
Description Reno`s debt Dilemma

Play the online game "Good Debt, Bad Debt, No Debt" to understand the benefits and drawbacks to debt.

Steps:

1. Navigate to the Rich Kid, Smart Kid website and click on Reno's Debt Dilemma.

2. Choose your level and then play the game. Take special note of the instructions at the beginning of the game as there are some helpful hints and important information.

3. Talk about debt with a friend or family member. Answer for yourself or find the answers to the following questions:

  • What is debt?
  • What is good debt?
  • What is bad debt?
  • When is is a good idea to take on a little debt?
  • What are some things that you learned from this game about debt?
  • What are other people's opinions about debt?

 

For Parents: In the "Grown Ups" section of the website there are companion guides for each level. The guides are intended for school use, but could easily be adapted for home use.

 

Complete When

Mark this activity as complete when you have played the game through at least once and you feel you have a good understanding of the pros and cons of debt.

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Age Range 6    7    8    9    10    11    12    13    14    15    16    17    18   
Activity Type Game
Tags Logical-Mathematical Intelligence  Investing  Interest 
CreatedCindyCindy
Last ModifiedRobRob

References

Reference Reference Note  
Rich Kid, Smart Kid Here is the "Grown Ups " section of the rich kid smart kids website. This is where the companion guide is for Reno's Debt Dilemma. There is also a book entitled "Rich Kid, Smart Kid " Which you could work through with your kids. 

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