Loans, Debt, and Repayment Strategies
Module 2: Rules of the GameLesson 4 of 8
Types of loans, how APR works, and two ways to pay off several debts: the avalanche method, which starts with the highest interest rate, and the snowball method, which starts with the smallest balance.
Video.Watch on Google Vids (opens in Google Vids, in English)
Worksheet.Open on Google Drive (print it or fill it in on screen)
Captions.Captions: to be added
What it covers
- Types of loans
- Interest rates and APR
- How compound interest works against you
- Debt avalanche method
- Debt snowball method
- Minimum payments vs accelerated payoff
Not sure what a word means? Look it up in the glossary.