# CTE Resource Center - Verso - Independent Living Task 871652969

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Identify practices for debt management.


Identification should include
  • identifying the consequences of making poor credit decisions
  • maintaining a record-keeping system for credit purchases
  • ensuring safekeeping of credit and credit cards
  • avoiding late-payment and other penalties
  • examining debt payment plans
  • recognizing warning signs for potential debt or credit issues.

Process/Skill Questions

  • What are the similarities and differences between a good debt and a bad debt?
  • What might be the consequences of a failure to understand debt management?
  • What skills and strategies can you develop now that will help you manage personal debt?
  • Why is debt often a source of family stress and conflict?
  • What communication skills can be used to help mange debt?
  • Where do you acquire your beliefs and attitudes toward debt?
  • What ethical roles do businesses play, if any, in encouraging consumers to accrue large debts through extensive use of credit cards? Why or why not?
  • What are the advantages and disadvantages of cash, check, debit card, and credit card as a way to purchase goods and services?
  • What are some effective ways to teach children about debt?
  • What difficulties might family members have if they do not share the same beliefs and values concerning debt?
  • What debt-management information is needed to set short- and long-term goals?
  • What guidelines should be put in a budget to help control debt?
  • What are the possible consequences of going deep into debt?
  • What are the alternatives for going into debt?

Related Standards of Learning



The student will solve practical problems involving consumer applications.


The student will
  1. represent verbal quantitative situations algebraically; and
  2. evaluate algebraic expressions for given replacement values of the variables.

Other Related Standards

FCCLA National Programs

Families First: Meet the Challenge


Financial Fitness: Earning


Financial Fitness: Protecting


Financial Fitness: Saving


Financial Fitness: Spending


Power of One: A Better You


FCCLA: STAR Events (2019)

National Programs in Action


Professional Presentation


Public Policy Advocate


National Standards for Family and Consumer Sciences Education


Apply time management, organizational, and process skills to prioritize tasks and achieve goals.


Analyze how individuals and families make choices to satisfy needs and wants.


Apply skills to seek information regarding consumer rights.


Analyze state and federal policies and laws providing consumer protection.


Analyze how media and technological advances influence family and consumer decisions.


Assess the use of technology and its effect on quality of life.


Analyze the use of resources in making choices that satisfy needs and wants of individuals and families and communities.


Analyze individual and family roles in the economic system.


Analyze practices that allow families to maintain economic self-sufficiency.


Evaluate personal and legal documents related to effective management of individual and family finances.


Apply financial management principles to individual and family financial practices.


Evaluate the need for personal and family financial planning.


Explain roles and functions of individuals engaged in consumer service careers.


Summarize education and training requirements and opportunities for career paths in consumer services.


Apply strategies to reduce the risk of consumer fraud.


Explain the effects of the economy on personal income, individual and family security, and consumer decisions.


Demonstrate components of a financial planning process that reflect the distinction between needs, wants, values, goals, and economic resources for a variety of diverse populations.


Analyze the effect of consumer credit on short- and long-term financial planning.


Analyze factors that influence establishing and maintaining a good credit rating and the effect of credit ratings on rates and terms for credit and insurance.