Lesson 3: Banking & Credit
- Apr 21, 2023
- 2 min read
Updated: Apr 27, 2023
In this lesson we will talk about the types of bank accounts and practice to open one (with the help of your carers) and learn to understand creadit and good credit habits.
The lesson includes 1,5 hours webinar with your trainer and collegues (max. 10 people), plus home assignment to practice and implement new financial skills into your daily life.
So, let's dive in and continue your journey towards financial independence!

For young adults it's important to start building a solid financial foundation, and understanding banking and credit is a crucial part of that foundation. In this lesson, we will explore the basics of banking, including opening a checking and savings account, managing your account, and understanding the fees and charges associated with banking. We will also discuss the importance of credit and how to establish and maintain a good credit score. Additionally, we will cover the different types of credit available to you, such as credit cards and loans, and how to use them responsibly. By the end of this lesson, you will have a clear understanding of how banking and credit work, as well as the skills necessary to make informed financial decisions.
Lesson details:
Objectives: - understand the functioning of banking system
- Learn about different types of credit/debit cards
- Understand the specification of credit
- Learn to keep good credit history
Methodology: expositive, active/participating, interrogative
Contents:
- Types of bank accounts
- How to open bank account
- Understanding credit and good credit habits
Activities: With the help of parents open a bank/debit card account
Evaluation: Complete online quiz to assess the understanding of the theoretical part.
Additional Materials:
7 ways to start building credit as a teenager. Money under 30. https://www.moneyunder30.com/build-credit-as-a-teenager
How to Build Credit as a Teenager. Pixelnomics.


