Beauty Link - Volume 4, Issue 1 - (Page 32)
INTRODUCING THE IMPORTANCE OF A CREDIT SCORE TO STUDENTS
Part two of a two-part series
BY KENNETH J. ZARDA
F you are like a lot of people, you are still paying off bills from the holidays as a result of an unfettered consumerist binge in which some of us participate. We pay the bills because we understand the consequences to our credit, or more simply put, we understand what it will do to our reputation. This is the idea that is often lost on our students; our credit report is really our reputation for paying off our debts. So how do we pass this information to them without sounding preachy and our students tuning us out?
As I said before, it is critical that the staff, who’s delivering the message understand why they are teaching this. Have the staff assemble together. You are going to ask them to answer questions on anonymous post-it notes then transfer all the notes to a poster board. First ask them the simple question, “How much about credit and bill paying did you understand
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when you moved out on your own?” On a poster board have the question written out. Ask your staff to answer the question on a post-it note. Collect the post it notes, reading some of the answers to the group. Next, ask the following question: “Knowing what you know today, what do you wish you could have told yourself about credit and bill paying when you started out on your own?” You will ﬁ nd that the collective knowledge of your staff is immense. Most of them understand credit pretty well. Experience is a great teacher. Last, ask them the following question: “Is it important for students to know about credit and bill paying?” You should now have buy-in from the teachers. Save the posters with the notes on them; you’ll use them later.
case, it is the situation that dominates the learning. In high school, most students don’t pay bills, so they often tune out when it’s being explained. For many, only after they are out of high school does money and how to properly manage it become a concern. Lastly, important subjects should be taught and retaught to ensure understanding.
STEP 1: Goals Timeline
The ﬁ rst step in the lesson is having the students look at their goals. If our students understand their goals, they understand why their credit is so important. Have each student build a timeline of their future. On a poster board have each student illustrate boxes for one year, two to three years, ﬁve years, 10 years, and beyond 10 years. In these boxes have the student list and explain what they hope to accomplish by those milestones. Encourage the students to add pictures or symbols of their goals—this will help make the goals seem more realistic and achievable.
As a post-secondary educator you may be asking yourself, “Why aren’t kids taught this in high school?” It is. As is often the
Table of Contents for the Digital Edition of Beauty Link - Volume 4, Issue 1
Message from the AACS President and CEA Chair
Workings of Washington
A Trade Show Workout
Building a Bulletproof School
The Art of Edutainment
Beyond the Fluff
And Then There's Compliance
Beauty Changes Lives
Spring Operations Conference Info
AACS Is Connecting Members
Associate Member Profiles: Collections
People & Places
New Products & Services
New School Members
Upcoming 2012 Events
Index to Advertisers
Beauty Link - Volume 4, Issue 1
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