Log in
Download this resource
Credit Crunch is designed to show students the cost of credit card debt. Players are given different repayment scenarios, and must calculate their repayments over a year.
Student learning
Through Credit Crunch, students will:
- Learn how to calculate minimum repayments
- Understand the difference between simple interest, compounding interest and interest-only repayments.
Curriculum links
Personal Financial Management is a fundamental part of a young person’s education. Credit Crunch is designed to support the key competencies. The game also has strong links to the Mathematics and Statistics and Social Sciences learning areas.
Credit Crunch
-
Year 9-12
-
1-2 hrs
-
Mathematics and Statistics
Social Sciences
-
Free to NZ schools
-
Led by teachers
Training Available
Students taking part will
- Be allocated a repayment scenario
- Take 12 turns, with each turn representing 1 calendar month
- Update their Accounting Sheet after each turn by calculating income earned and repayments made.
Download includes:
- Credit Crunch Teaching Guide
- Game Board: Credit Crunch
- Game Rules
- Game Piece: Player Pieces
- Game Piece: Repayment Summary Cards
- Game Template: Credit Crunch Accounting Sheet
- Exemplar: Repayment examples
- Assessment: Credit Crunch Rubric
