# Kariina's Classroom: Lesson 3

Federal Reserve Bank of Atlanta Katrina's Classroom Financial Lessons From a Hurricane Lesson 3: A Fresh Start Students learn about the wise use of credit cards. Through demonstrations and activities, they analyze different strategies for paying off credit card balances. They learn about the value of having emergency savings. At the end of the lesson, students will be able to • Describe guidelines for the wise use of credit cards. • Create an effective strategy for paying off credit card debt. • Describe how to set aside funds to create an emergency fund. • Apply the principles of compounding to predict interest payments on a deposit. There are four lessons in this classroom: Lesson 1 | Lesson 2 | Lesson 3 | Lesson 4 Additional materials include: Lesson Plan | Lesson Plan | Lesson Plan | Lesson Plan | Lesson Plan |

- Kind: Educational
- Year: 2008
- By: Federal Reserve Bank of Atlanta
- Genres: Education
- Archive: [Internet Archive](https://archive.org/details/gov.frb.atlanta.katrina.03)
- Licence or status: [Public domain (Creative Commons dedication)](http://creativecommons.org/licenses/publicdomain/) (as the archive states it)
- Who can watch: Tweens profiles and older (the archive gives no rating; placed by Invisible Network from its collection and subjects)

[Watch now](https://invisiblenetwork.ai/watch/archive/ia/gov.frb.atlanta.katrina.03?play=1)