My Money Management
Before the next lesson, please complete the
flipped learning bundle
‘How do I understand credit and debt?’ at home.
+
Learning objectives/intentions:
• Understand the meaning of credit and debt.
• Understand the difference between planned and
unplanned borrowing.
• Understand the important role budgeting plays in
managing money well.
Getting Started
Can you draw a
bank card from
memory?
Four Digit BIN
Card Number
Valid From/Expiry Dates
Brand Mark
Account Holder
Sort Code
Account Number
Strip
Signature
Hologram
Security Code
Bank Contact
Details
Credit or Debt?
Is Cassie
in credit
or debt?
Credit or Debt?
Is Andrew
in credit
or debt?
Credit or Debt?
Can you think of ways in which someone could
manage their debt effectively?
Pay now or pay later
Debit card draws
from your bank
account.
A pre-paid card
might help you to
plan your spending.
Diamond 9
What are the most
important things you
have learned about
credit and debt?
Why do you think
it’s important to
manage your
money with
care?