Debt

This Monday, August 19th, I went to the Kiddie Academy in Lewisville, Texas and reviewed basic financial literacy with 3 classes of 20 students. Firstly, we reviewed the concepts of banking and interest discussed in a previous lesson. Next, we introduced the main concepts of this lesson: loans, what it means to be in debt, and interest accumulated from loans. After reviewing the new content, we did a roleplay to reinforce the lesson to the kids where I brought two children to the front of the class and they acted as a loan officer and a business owner in need for a loan. By doing this activity we were able to review banking, loans, and interest. Finally, I quizzed the children on the lessons covered and rewarded those who answered with stickers and candy.