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    Managing Debt

    Debt is something that many adults will deal with in modern life. In fact, about 80 percent of every adult generation deals with debt of some kind. Clearly, we find it hard to follow Shakespeare’s advice, "Neither a borrower nor a lender be."

    Now, that’s not to say that every kind of debt is inherently evil. Some forms of secured debt can be necessary, such as an auto loan or mortgage. Banzai courses are designed to discourage players from unnecessarily borrowing, and they give players a clear view of what it’s like to pay down debt while you’re trying to save for your financial future. Read this article to learn what we teach about credit cards and borrowing.


    One essential part of being able to buy a home is protecting your  credit score. In Plus, our course for ages 16 and up, players receive a warning if they start borrowing close to half their credit limit. 

    Borrowing a lot on your credit limit makes it less likely you’ll be able to pay it all back in a timely manner, which will mean you might make minimum or late payments. Doing that will increase the interest you have to pay off in addition to the principal. We encourage players to only borrow what they can easily pay back.

    Paying It Off

    If a player uses a new store credit card, they are encouraged to immediately pay back the charge. 

    Players in Plus are also encouraged to periodically make payments on their debt, so they can achieve their goal of later buying a home. 

    Managing debt seems overwhelming, but it needn’t be. Between our stance on credit and borrowing, saving for financial goals, and effective budgeting, paying off debt is quite manageable and possible when Banzai users form healthy relationships with money through experience-based learning. 

    Schedule a Walk-Through 

    Our Teacher Support team can do a personalized, 15-minute tutorial and answer any questions you might have.

    Schedule a time on this calendar.
    We will call you at the selected time. Just be ready with your questions.