A lesson for students on the essentials of money management, from budgeting and saving to investing and debt handling, in this beginner’s guide. Discover the steps to make informed spending decisions, build good credit, and develop a strategic financial plan for long-term success. The lesson focuses on empowering individuals with essential financial skills for a … Continue reading What is Money Management Lesson
Credit Lessons
Welcome to our comprehensive guide on teaching about credit! As a trusted source of financial literacy materials, we understand the importance of educating young people about the responsible use of credit. Our collection of lesson plans, worksheets, and engaging activities are designed to help students understand the impact of credit on their financial future and make informed decisions about managing their credit responsibly. Whether you’re a teacher, parent, or financial educator, our resources will equip you with the tools you need to teach this vital financial skill.
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APR Explained | How Credit Card Interest Works Lesson
A lesson for students on how APR (Annual Percentage Rate) influences credit card interest, its compounding effects, and strategies for smart credit card use. Students learn the intricacies of APR and how it impacts credit card users. They dive deep into understanding the true price of borrowing money on a credit card and how interest … Continue reading APR Explained | How Credit Card Interest Works Lesson
Compound Interest Trap of Credit Cards and Loans Lesson
A lesson for students on the pitfalls of compound interest and how it can quietly ensnare you in a cycle of mounting debts if not navigated wisely. Students learn about the dual nature of compound interest in this lesson. While it offers a path to exponential growth for investors through reinvested earnings, the same principle … Continue reading Compound Interest Trap of Credit Cards and Loans Lesson
How to Apply for a Credit Card Lesson
A lesson for students on on applying for their first credit card. Students learn about the steps and considerations necessary for obtaining a credit card. Discover the importance of discerning your needs and understanding why you want a credit card, be it for building credit, earning rewards, or having it for emergencies. The lesson covers … Continue reading How to Apply for a Credit Card Lesson
Building Credit for Elementary Students
Title: Building Credit for Elementary Students Objective: – Students will understand the concept of building credit. – Students will learn the difference between good and bad credit. – Students will know the importance of having good credit. Materials Needed: – Whiteboard and markers – Pictures or illustrations of different items that require credit, such as … Continue reading Building Credit for Elementary Students
What is a Debit Card Lesson
A lesson on banking basics and the essentials of debit cards including how they function, their benefits and drawbacks, and tips for wise usage. Students learn how to manage their debit card use responsibly. This lesson covers what a debit card is, how it functions, and how it’s linked directly to your bank account for … Continue reading What is a Debit Card Lesson
How to Read a Credit Card Statement Lesson
In this lesson, students will learn about understanding their credit card statements, using a comprehensive guide covering various aspects, including billing cycles and interest charges. They will learn to efficiently manage their finances, ensuring punctual payments, and maintaining a favorable credit score. CONCEPTS Use this video lesson on the topic of credit card statements. Learn … Continue reading How to Read a Credit Card Statement Lesson
Building and Maintaining Credit Lesson
This introductory lesson teaches important tips on how to build credit by using credit cards and loans responsibly, how to maintain good credit by making payments on time and keeping credit utilization low, and how to monitor credit reports to ensure accuracy. CONCEPTS Use this video lesson on the topic of building and maintaining credit. … Continue reading Building and Maintaining Credit Lesson
What is Credit Score? Beginner’s Guide to Credit
The lesson explains credit scores in an easy to understand way. Understanding your credit score is crucial for managing your finances, whether you’re just starting to build credit or have been doing so for a while. CONCEPTS Use this video lesson on the topic of credit score. Learn basic credit and related concepts of: Credit … Continue reading What is Credit Score? Beginner’s Guide to Credit
What is Credit? The Basics of Credit
The lesson explains what credit is and how it works, including the types of credit available and how to obtain it. It also emphasizes the importance of using credit responsibly and paying bills on time to maintain good credit standing and secure better interest rates and terms. CONCEPTS Use this video lesson on the topic … Continue reading What is Credit? The Basics of Credit