Katrina's Classroom: Lesson 3
Channel: PublicResourceOrg
Date: 2009-05-04

Federal Reserve Bank of Atlanta

Katrina's Classroom
Financial Lessons From a Hurricane
Lesson 3: A Fresh Start

Students learn about the wise use of credit cards. Through demonstrations and activities, they analyze different strategies for paying off credit card balances. They learn about the value of having emergency savings.

At the end of the lesson, students will be able to
• Describe guidelines for the wise use of credit cards.
• Create an effective strategy for paying off credit card debt.
• Describe how to set aside funds to create an emergency fund.
• Apply the principles of compounding to predict interest payments on a deposit.