edHelper.com
Economics
What Is a FICO Score and Why Does It Matter?



What Is a FICO Score and Why Does It Matter?
Reading Level
     edHelper's suggested reading level:   grades 4 to 6
     Flesch-Kincaid grade level:   4.93

Vocabulary
     challenging words:    acronym, bestsellers, spender, Suze, evaluate, curiosity, factor, affects, lower, monthly, payment, term, rate, certainly, likely, expect
     content words:    Fair Isaac Credit Organization, Suze Orman, New York Times


Print What Is a FICO Score and Why Does It Matter?
     Print What Is a FICO Score and Why Does It Matter?  (font options, pick words for additional puzzles, and more)


Quickly Print - PDF format
     Quickly Print: PDF (2 columns per page)

     Quickly Print: PDF (full page)


Quickly Print - HTML format
     Quickly Print: HTML


Proofreading Activity
     Print a proofreading activity


Feedback on What Is a FICO Score and Why Does It Matter?
     Leave your feedback on What Is a FICO Score and Why Does It Matter?  (use this link if you found an error in the story)



What Is a FICO Score and Why Does It Matter?
By Colleen Messina
  

1     Your parents are shouting that their FICO score went up! You shout "hooray" to keep them company. You want your parents to think that you know what they are talking about, but your curiosity wins. You then ask them, "What is a FICO score, and why does it matter?"
 
2     High scores usually mean that the person wins. For example, a "perfect ten" is a score that gymnasts strive to achieve. A high FICO score means a person wins, too, but the prize is financial. The term FICO is an acronym for the group that created the FICO score, the Fair Isaac Credit Organization. Scores range from 300 to 850. Many people have scores in the 600 and 700s. A high score can help them get good loans for cars and houses. A FICO score affects a person when he or she wants to borrow money. Suze Orman, who wrote some New York Times bestsellers about managing money, calls your FICO score a "grade" of your credit. So, even adults have to worry about their grades.
 
3     At your age, you probably pay as you go for items that you want. If you want a new bike, you could save up your allowance until you have enough to buy it. When you get older, the items you want to purchase cost more. If you want to buy a house, you most likely will need to borrow money to do it. Houses usually cost over one hundred thousand dollars. Saving up for one to buy with pure cash is not practical for most people.

Paragraphs 4 to 9:
For the complete story with questions: click here for printable


Extended Activities:

1.  Take a survey of your friends about how they keep track of how much money they spend. Do most of them have a system? Do you have a system for tracking your spending?

2.  Write down how much money you spend and what you spend it on for one week. Do your spending habits surprise you? Why, or why not?



Weekly Reading Books

          Create Weekly Reading Books

Prepare for an entire week at once!


Economics
             Economics


Social Studies
             Social Studies


    2004 Elections  
 
    2008 Elections  
 
    United States History and Theme Units  
 
    American Government  
 
    Ancient America  
 
    Ancient China  
 
    Ancient Egypt  
 
    Ancient Greece  
 
    Ancient India  
 
    Ancient Mesopotamia  
 
    Ancient Rome  
 
    Biographies  
 
    Canadian Theme Unit  
 
    Country Theme Units  
 
    Crime and Terrorism  
 
    Economics  
 
 
    European History: 1600s-1800s  
 
    Explorers  
 
    Famous Educators  
 
    Geography  
 
    Grades 2-3 Social Studies Wendy's World Series  
 
    History of Books and Writing  
 
    History of Mathematics  
 
    How Can I Help?  
 
    Inventors and Inventions  
 
    Middle Ages  
 
    Renaissance  
 
    World Religion  
 
    World War I  
 
    World War II  
 
    World Wonders  
 


More Activities, Lesson Plans, and Worksheets


Back to School
Graphic Organizers
Alphabet Worksheets
Sight Words
Math Worksheets
Mazes
50 States

Monthly Themes
January
February
March
April
May
June
July
August
September
October
November
December

Fractions
Place Value
Time and Calendar
Money
Earth Day
Solar System
Analogies
Nouns
Following Directions
Listening
Capitalization
Cursive Writing
Patterns and Sequencing
Dinosaurs
All About Me

Kindergarten
First Grade
Second Grade
Third Grade
Fourth Grade
Fifth Grade
Sixth Grade

Multiplication
Division
Main Idea
Cause and Effect
Measurement
Decimals
Rounding
Order of Operations
Verbs
Community Helpers
Adjectives
Plants
Grammar
Addition and Subtraction
Contractions
Bulletin Board Ideas
Word Searches
Crossword Puzzles
Printable Puzzles

Reading Comprehension
Reading Skills
English Language Arts





Copyright © 2011 edHelper