Day 26

Lesson Objectives

• Evaluate and refute the myths associated with debt.
• Apply systematic decision making to identify the most cost-effective option for purchasing a car.
• Identify various types of mortgage loans and the most cost-effective option for purchasing a home.
• Evaluate ways that debt can negatively affect your financial future and how to overcome personal debt. 

Assignment 4.2.10

1. Watch Video 2.6
2. As you watch the video, record the missing words from page 88 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 88) .
3. Discussion Questions:
   1. What is the largest wealth-building tool?
   2. List the steps to get out of debt.
   3. What are some of the serious consequences of not repaying a debt?

Assignment 4.2.11

1. Make a copy of this Google Document, rename the file Rent2Own-(Your Initials), and place it in your Chapter 4 folder.  Read the instructions and complete the assigned task as instructed.

Assignment 4.2.12

1. In your Personal Finance Journal-C4 file in your Chapter 4 folder, complete the next row in the table by answering the question listed.