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Kids' Money 5th Grade Lesson Plan #2: Credit and Debit
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What's Included:
- Objectives and how to teach the lesson
- Detailed notes on lesson procedure
- Videos to watch
- Links to student worksheets, books, and other materials
Kids' Money 5th Grade Lesson Plan #2_ Credit and Debit.pdf
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Students Will Understand:
- What credit is: the ability to obtain a product now and pay for it later.
- Debits are deductions from accounts, money owed and not borrowed.
- There are pros and cons to both credit and debit, including debt considerations, being able to pay in installments, and making large purchases more manageable to afford.
- Interest rates affect credit decisions significantly. People need to monitor their credit scores and watch their spending and debt closely.
Curated by a National Board Certified Teacher
Peter Brown is a National Board Certified teacher with over two decades of experience in the classroom. He loves working with students of all ages in many subjects, but particularly in practical areas like money education, to help kids achieve their goals. When he is not teaching or writing about financial literacy, you can find him surfing, hiking, skiing, or traveling to new places.