Session 10 — Credit vs cash, portfolio checkpoint, Milestone 1

Course: CALM (PED0770). Topic: CALM-RC-06 intro + synthesis of PC-01–06 and RC-01–05. ~75 min.

Privacy: no real credit files, scores, or statements. Fictional $240 kit.

HCS3000 remains LINK_ONLY if anyone asks about “working the kiosk.”

Official outcomes / topics

• CALM-R8 (intro): advantages and disadvantages of credit; overextension; credit ratings as a concept (not a pull of student files).
• CALM-R2 / R4: consequences; financial goals.
• CALM-C5 (checkpoint): portfolio Sections A–C have weeks 1–2 artifacts.
• CALM-C11 (partial): one next action toward a longer plan — full EP03 later.
• Synthesis: P1, P5, P8, P14, R1, R7 as used in the brief.

Known limitation: P10–P12, full R9–R10, CL-01–07 (except portfolio start and role), HCS body — not in these 10 sessions.

Learning targets

1. Compare cash vs fictional store card for a $240 equipment/kit purchase using the teaching 19.99%/year sketch.
2. Submit Milestone 1 life–career start brief (Track E or P) to Section C.
3. Complete a weeks 1–2 portfolio checklist (self + teacher glance).
4. Restate AI/crisis boundaries in one line.

Prerequisites

Sessions 01–09 artifacts in the folder (gaps allowed with a plan). Calculators.

Diagnostic / retrieval

Cash $240 from leftover 478 → leftover 238.

Card: leftover stays 478 this month; $240 owed.

Which is “more leftover today”? Card. Which is cheaper if paid immediately next day with no interest? Same $240 plus any fee — teaching fee $0 if paid in 21 days fictional grace; if not, ~$4/month from EP02.

Instruction

Advantages of credit (scenario): timing (buy table kit now, kiosk can operate); fraud dispute as a concept; building a rating later in life — Grade 11s may not have files; we do not check.

Disadvantages: interest if unpaid; fees; overextension; rating harm if missed — concept. Minimum payment 3% of 240 = 7.20 — paying only minimum is a trap we show: 7.20 vs 240.

Cash: no interest; opportunity cost on leftover; theft of jar cash.

Portfolio checkpoint (CALM-PF): folder A–C; SMART tracker; wheel; Cedar Bend map; nutrition card; matrix; budget; interest calc; this credit comparison. Missing items → dated plan, not public shaming.

Milestone 1: two pages per CALM_LIFE_CAREER_PLAN_PROJECT.md. Role or Track P. Wellbeing constraint. AI disclosure.

Timed visuals

id	trigger	duration	alt	teacher cue	tutor cue
CALM-VIS-10-240	After retrieval	55 s	Two wallets	478−240=238	No live APR
CALM-VIS-10-MIN	Minute 18	40 s	3% of 240=7.20	“Minimum ≠ payoff”	Don’t pull Equifax
CALM-VIS-10-PF	Minute 40	50 s	Checklist PF-01–08,10,11	Silent folder check	Don’t read private envelopes

Modelling / worked examples

Interest sketch (same as EP02): 19.99%/12 ≈ 1.666%/month; 240 × 0.01666 ≈ $4.00 if unpaid one month.

Pay in full in 21 days (fictional grace): interest $0, still a habit and rating discussion.

Cash path: leftover 238; cannot also buy headphones 90 this month (238−90=148 if they try — still possible; show 238).

Minimum-only trap: if they pay $7.20 and still owe ~237 plus new interest — do not build a 30-year amortization; one month is enough to see the trap.

Kiosk: buying a $240 canopy on the card while cash is 663 after sales looks tempting; if sales were zero, cash 483, card still 240 due — overextension (R8).

Guided practice + answers

Complete a T-chart cash vs card for the $240 kit. Must include one non-interest disadvantage (impulse, fees, rating concept).

Portfolio pair-check: partner confirms public artifacts exist; partner does not open private envelope.

Independent practice

• FOUNDATION: T-chart two advantages / two disadvantages.
• CORE: Arithmetic 478−240 and 3% of 240.
• PROFICIENT: Milestone 1 brief first complete draft.
• ADVANCED: Shock: unpaid 3 months at ~$4/month teaching interest (≈12) plus still $240 principal — still a sketch, not a card contract.

Project connection

Milestone 1 due (or next class if IEP extra time). This is the weeks 1–2 product, not the 3–5 year capstone.

Checks for understanding

“Will I collect your credit score?” No. “Is 19.99% a real offer?” Teaching number dated 2026-08-18.

Misconceptions

Wrong	Repair
“Credit is free if I pay the minimum.”	Minimum keeps the debt alive.
“No credit file means I’m a failure at 16.”	Many teens have none; we don’t pull files.
“Milestone 1 is the whole career portfolio.”	C5 start only.
“Tutor can approve my real card application.”	No.

AI Tutor prompts and safeguarding boundaries

Allowed: “Check 3% of 240.” “Outline Milestone 1 headings.”

Forbidden: applying for credit; scraping scores; opening trauma; HCS content. Crisis → 911 / Kids Help Phone / 211 / teacher. No false praise.

Human-tutor handoff

Incomplete folder: schedule a quiet completion, not a show. Distress about real family debt: counsellor; stay fictional in class.

Exit ticket

1. 3% of 240 = 7.20.
2. 478 − 240 = 238.
3. Name one artifact still missing or write “complete.”
4. “AI Tutor is not a counsellor” — copy the sentence.

Homework

Polish Milestone 1. Optional: one dated reflection (Section E, week 2). No real credit documents.

Teacher guidance

Glance folders; do not photograph private goals. Record LINK_ONLY for HCS if asked. Do not deploy, do not touch Biology 30, Math 10C, Science 10, wrangler.

Weeks 3+ preview (not taught): taxes (RC-04), investing (RC-07), insurance (RC-08), graduation (CL-01), HCS pointer (CL-02), career research, P10–P12 with private alternatives, EP03 full map.

Materials

T-chart; checklist from student_portfolio_checklist.csv rows PF-01–08, 10, 11; Milestone 1 rubric; fictional card.

Preparation

Print dated 19.99% teaching stamp. Stack private envelopes unopened.

Timing

Min	Move
0–8	Cash vs card retrieval
8–22	R8 intro; $4 and $7.20
22–38	T-chart + overextension kiosk case
38–58	Portfolio checkpoint + Milestone writing
58–68	Advanced / catch-up
68–75	Exit + known limitations reminder

Online alternative

Private LMS dropbox for Milestone 1. No shared credit photos.

Low-technology alternative

Paper brief. Oral 3-minute Milestone for IEP. Same numbers.