What do you do when you're out of cash and your bills aren't paid? You might consider taking a payday loan, but here's why you should think twice...

This video from TwoCents titled "Are Payday Loans Ever a Good Idea?"  highlights how payday loans can trap borrowers in a cycle of debt and end up costing much more than they were advertised.

Interested in more Edpuzzle videos? Visit our Video Library and type in "Edpuzzle" into the search bar at the top to view the rest of our Edpuzzle videos!

Note: You do NOT need to create an account to ACCESS Edpuzzle videos. But if you do create free teacher and student accounts, you will then be able to capture and save student responses. For more tips and tricks on how to best implement these videos in your classroom, check out Amanda Volz's Tech Tip video. If you would like more information, visit the Edpuzzle Teacher Support page!

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Experience Payday Loans from the other side of the table and see how it feels in the NGPF Arcade game: Shady Sam.

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Want to avoid having students loans overwhelm your budget and put you in financial stress? See how in the NGPF PAYBACK Challenge!

About the Author

Dan Rolando

Always enamored with learning, Dan’s parents affectionately nicknamed him “The Sponge” as a kid. After earning his Engineering Master’s from NC State University followed by six years of teaching, Dan joins NGPF to pursue his passion of inspiring financial capability in anyone who will listen. Having navigated seven years of higher education debt-free through scholarships, work, creative budgeting, and a whole lot of help, he recognizes the freedom that comes from financial independence and hopes to share that gift with others. In the (rare) times he’s not discussing finance, Dan enjoys running, reading, playing board games, spending time with his daughter, and being sous chef for his wife.

More posts by Dan