Rent To Own
I made a quick PowerPoint comparing rent to own companies like Bright House with buying goods outright.
I think there’s a problem solving task in here. Collecting the items needed for an everyday house and comparing the cost of buying them outright, buying them with a credit card and buying them with Bright House.
Financial literacy is important for students, and it’s a shame it wasn’t foregrounded more in the new GCSE.
I would like to see a syllabus that included as an objective the ability to compare credit card and loan deals, and the ability to compare, both in cost and in time, the outcomes from paying off the minimum each month versus other sums.
Maybe that’s a summer project.