Different Payment Methods – Tutor Notes
-Understand that there are different ways to pay
-Know that each payment type has advantages and disadvantages
-Understand that the most suitable payment type varies depending on what you are buying.
Colossal Cards – Credit Card, Debit Card, Store Card, Giant Cheque, Giant Money
Also make up 2 cards with Standing order and Direct Debit written on them.
Picture of items- Fridge, Ticket for a music festival, milk, telephone bill
Hand Out – Different Payment types leaflet.
Introduce the session by talking about the fact that there are different ways to pay for things. Outline the
different methods and how they work.
Divide people into 3 groups and each group picks a thing to buy. Also distribute ‘different payment types’
handout to everyone.
Give each group one or two payment types i.e.
Fridge - store card and cash
Music ticket – credit card and cheque
Milk – Cash and debit card
Telephone Bill – Direct Debit or cash
Working in groups, people can discuss the advantages and disadvantages of each method/s to buy their given
item. Go round and check the groups understand what they are doing and if they have any questions.
Groups take it in turns to tell everyone else what they have found out about the advantages and disadvantages of
their payment methods.
Fill in any gaps left by groups such as protection when buying items over £100 with a credit card, security and
convenience for distance purchases, advantages of being able to pay over an extended period, high interest
Ask the groups which payment methods they would choose for their item. There may well be disagreement over
this and enables clients to see that attitudes to money and circumstances vary and this will also influence
Close the session with questions and answers.