Debit vs Credit Cards: Financial Literacy Handout
About This Product
Debit Cards and Credit Cards may look similar, but they are extremely different!
When teaching financial literacy to your students, don't take the basics for granted!
Do your kids understand the crucial difference between a credit card and a debit card? Maybe not yet!
Here is a ready-to-go handout that highlights the differences between credit cards and debit cards.
Important vocabulary is included: chequing account, savings account, overdraft, limit, minimum, and interest).
How to Use:
Two versions of this sheet are included: one with the pros and cons filled in and one with them left blank for students to do.
I would project the completed version on an interactive whiteboard and give students the partially blank copy to complete.
You could also let your students think of the pros and cons themselves. They might come up with a lot of great ideas!
You could also look at different credit card websites to see common interest rates, annual fees, loyalty points, and rules and restrictions. Do a sample problem where someone buys an expensive item on a credit card and takes a long time to pay it off. See how much it will actually cost with all of the interest payments included.
Grades: Because it uses very simple language, this lesson could work for students from grades 5-12 in regular classes or high school students in life skills or special education classes. It should be easily accessible for a wide-range of learners.
If you like this financial literacy product, check out some others from my store!
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What's Included
2 page PDF: One version fully completed and one with blanks for students to fill in.
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