Instructions:

Car Loan

Consider your peer's thoughts on what to remove or reduce to make the same monthly payment? In what ways does your response differ from theirs?

Share with your peer why you feel the car loan they would have to repay might or might not be worth their proposed sacrifices.

Suggest an additional option they could consider to avoid taking on that monthly car payment.

Credit Card Debt (Because you have used the same scenario information as your peers, you should have the same real cost at the end of the first year. If you did not, you might want to consider how your activity led to a different outcome). Consider their thoughts on how continuing to add to their credit card debt affects long-term financial health.

Share one way your response was similar to theirs.

Share one way your response was different than theirs?

Suggest at least one additional way your peer could avoid harming their future financial health (by spending more than they earn every month).

Describe how you could use one of the options they shared to gain or maintain financial health.