Credit cards and scams

Second and last session of the financial literacy programme for ESL adult students at Metro South Adult Basic Education  (Bloomington and Eden Prairie, MN): after reviewing the topics of the first session (importance of writing down expenses, budget and daily spending limit), students learned more about credit cards: the process, the costs, and what happens when we use the credit part and pay only the minimum. We then looked at credit scores and reports – something that is new to many immigrants who don’t have a similar system in their home country. In this information heavy session, we used a story and visuals to make the content less dry. Finally we looked at various examples of scams and how the perpetrators play on our fear or greed. A big thank you to Metro South ABE for hosting these sessions.

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