So You Want to Buy a Pony? A Case for Financial Literacy

Authors: Michelle Aguilar-Wells

Disciplines: Economics, Quantitative Reasoning

Themes: Family and Youth

This case is about the financial considerations made in everyday life such as buying a car, house, or any large purchase on credit.  This case is introductory and intended to start participants on the path of financial literacy.  Many students have not had the opportunity to learn the basic principles for financial stability and success.  Too many people learn these lessons the hard way; through bankruptcy, loss of property, avoidable poverty, and poor credit management.  This case is best taught as an interrupted case with discussion, written work, or research required at the end of each section.