PSA Video: Spend Money You Don't Have

This video cautions people to read the fine print on promotional credit card offers. Consider pairing the video with classroom discussion questions and a scenario activity about a young person’s use of credit from the “It’s Your Paycheck” curriculum.
Watch the “Spend Money You Don't Have” video
Classroom Discussion Questions
- What choice does the main character face?
- Does the TV really cost nothing? Explain.
- Why is the main character paying 30% interest?
- If you were the main character, what would you do differently?
Accompanying Activity
- It's Your Paycheck Lesson 6: Credit Reports – and You Thought Your Report Card Was Important includes a scenario about a young person’s use of credit along with discussion questions regarding repayment.
CEE National Standards for Financial Literacy
- Standard 2: Buying Goods and Services
- Standard 4: Using Credit
Additional Federal Reserve Education Materials
- Cards, Cars, and Currency Lesson 2: The Credit Card Deal
This online personal finance lesson helps students understand the terms of credit cards and recognize what it means to use credit cards responsibly. - Infographic: Why Is Good Credit Important?
This infographic helps students understand credit history, credit reports, and credit scores. - 5E Navigator – Credit Reports: Have You Check Yours Lately?
This publication explores the underlying economics of credit reports and provides a road map for resolving credit report errors.
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