Understanding and Evaluating Credit and Interest

The lesson “Understanding and Evaluating Credit and Interest” helps to develop motivation and knowledge in children to enable them to be economically self-supporting in the future. The children are taught the terms “credit,” “interest,” and “loan” and have the opportunity to practice applying their knowledge of charging interest through a guided exercise. The lesson includes guided instructions for the teacher, including preparation, a script, and suggested activities to facilitate further learning in a fun and interactive manner. This lesson is designed for children between 9-11 years, and is the 38th lesson in the 2nd Year “Managing Money” unit.