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Life Skills Targeted: Financial Literacy <br />Learning Objective: <br />After attending this lesson, Trainees will be able to: <br />✓ Understand how to establish and maintain a good credit record <br />✓ Identify difference between good and bad credit <br />✓ Know where to access a FREE credit report <br />✓ Understand what a pre- approved loan is <br />✓ Understand compound interest <br />✓ Identify resources for managing debt <br />Activities <br />• Provide a scenario to the class to explain compound interest <br />Materials /Resources: <br />Banking Institutions will bring materials <br />Union Banks presentation Power point presentation can be found at Staff Docs /Support Services /Life Skills /Financial <br />Literacy <br />Page 18 Taller San Jose, Support Services Manual EXHIBIT A <br />