Managing Debt
Please print this page before you begin.
What Is Debt?
1. Go to The Beehive to learn about debt. www.thebeehive.org/money/.
- Write a one-sentence definition of debt.
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- What can happen to cause people to go deeper into debt than they can handle?
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2. Click on the link: Why is it important to manage my debt?
- List two reasons why it is important to manage debt.
1) _______________________________________________________________
2) _______________________________________________________________
3. Type the following URL into your address bar:
http://www.thebeehive.org/money/economic-survival-kit/survival-manual/debt-and-savings
Read the questions to ask yourself about debt.
- Do you think you have a problem with debt? Explain your answer.
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4. Type the following URL into your address bar: http://www.thebeehive.org/money/spend-it/ .
- List two reasons why it is important to pay bills on time.
1) _______________________________________________________________
2) _______________________________________________________________
5. Click on the link: What could happen if I don’t pay my bills on time?
- List two things that could happen if you don’t pay bills on time.
1) _______________________________________________________________
2) _______________________________________________________________
6. Click on the link: What happens if I don’t pay my bills at all?
- List three things that can happen if you don’t pay your bills at all.
1) _______________________________________________________________
2) _______________________________________________________________
3) _______________________________________________________________
7. Click on the link: What do I do if I don’t have any money to pay my bills?
- What should you do if you cannot pay a bill?
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8. Click on the link: How can I make paying bills easier?
- Write three steps you should take to pay your bills on time.
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2) _______________________________________________________________
3) _______________________________________________________________