What is a Debit Card Lesson

A lesson on banking basics and the essentials of debit cards including how they function, their benefits and drawbacks, and tips for wise usage. Students learn how to manage their debit card use responsibly.

This lesson covers what a debit card is, how it functions, and how it’s linked directly to your bank account for transactions. We dive deep into the benefits of using a debit card, including the convenience it offers, its widespread acceptance, and how it can serve as an effective financial control tool. We’ll also discuss the potential drawbacks, such as vulnerability to theft and its inability to help build your credit history. Discover practical tips to use your debit card wisely, from tracking your spending to protecting your card information, and the importance of quick action when it comes to lost or stolen cards. Students gain knowledge to help manage their debit card use responsibly.

CONCEPTS

Use this video lesson on the topic of bank debit cards. Learn related concepts of:

  • Debit Card Basics
  • Credit vs Debit
  • Secure Card Usage
  • Reporting Lost/Stolen Cards
  • Protecting Card Information
  • Financial Discipline
  • Building Credit History

GRADE LEVEL

7-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

What is a Debit Card and How to Use It

After watching the video, have students tell what the most important things they learned from the video.

 

Lesson Plan: Understanding Debit Cards


Lesson Objective:

By the end of the lesson, students will be able to:

  • Define what a debit card is and differentiate it from a credit card

  • Understand the pros and cons of using a debit card

  • Learn how to use a debit card wisely

Materials:

  • Video titled “What is a Debit Card and How to Use It”
  • computer
  • projector, pens, and notepads.

Lesson Duration: 50 minutes

Procedure:

Introduction (5 minutes):

Begin the lesson by asking students about their understanding of debit cards. Note down their responses on the board.

Video Viewing (15 minutes):

Play the video titled “What is a Debit Card and How to Use It”. Ask students to take notes as they watch the video.

Discussion (15 minutes):

Facilitate a discussion based on the video. Use the following discussion questions:

  • What is a debit card, and how does it work?
  • How is a debit card different from a credit card?
  • What are the advantages and disadvantages of using a debit card?
  • What measures can you take to use a debit card wisely?

Activity – Role Play (10 minutes):

Divide the students into groups of two. One student will play the role of a bank representative explaining the concept of debit cards, their use, benefits, and precautions to a new account holder (played by the second student).

Review (5 minutes):

Recap the main points from the video, the discussion, and the role play. Highlight the differences between debit and credit cards, the importance of protecting one’s information, and the pros and cons of using a debit card.

Homework:

Each student will prepare a one-page write-up on how they plan to use their debit card wisely. The write-up should include insights gained from the video and class discussion.

Assessment:

Students will be assessed on their participation in the discussion, performance in the role play, and their homework. There will also be a separate quiz based on the video. The quiz will test the student’s understanding of what a debit card is, the difference between a debit card and a credit card, the pros and cons of a debit card, and how to use it wisely.

Additional Notes:

Encourage students to ask questions throughout the lesson to clear up any doubts or misconceptions. Ensure students understand that using a debit card responsibly is an essential part of financial literacy and health.

 

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What is Renters Insurance Lesson

A lesson about what is a renters insurance. Students learn about Renters Insurance, including its key coverage types, cost estimation, policy types, and the significance of risk management to best protect assets and avoid potential financial issues when renting.

This lesson covers the key components of such policies, illustrating how they serve as a financial safety net for individuals renting their living spaces. From understanding the various types of coverage, such as Personal Property, Liability, and Additional Living Expenses, to learning how to determine your coverage needs based on an inventory of your possessions. It further sheds light on the reasonable costs of Renters Insurance, and also outlines the differences between Actual Cash Value and Replacement Cost Value policies. Learn the necessary knowledge to manage potential risks, secure belongings, and shield yourself from unforeseen financial pitfalls.

CONCEPTS

Use this video lesson on the topic of renters insurance. Learn related concepts of:

  • Risk Management
  • Liability Coverage
  • Financial Decision Making
  • Financial Planning and Money Management
  • Cost-Benefit Analysis
  • Asset Evaluation and Protection

GRADE LEVEL

8-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

What is Renters Insurance?

After watching the video, have students tell what the most important things they learned from the video.

 

Lesson Plan: Understanding Renters Insurance


Lesson Objective:

By the end of the lesson, students will be able to:

  • Define what Renters Insurance is and its importance.
  • Identify the three major types of coverage provided by Renters Insurance.
  • Understand how to calculate the amount of coverage needed.
  • Distinguish between Actual Cash Value and Replacement Cost Value policies.
  • Recognize the cost-effectiveness of Renters Insurance.

Materials Needed:

  • Video titled “What is Renters Insurance?”
  • Whiteboard/Blackboard
  • Marker/Chalk
  • Handouts with discussion questions
  • Quiz materials

Lesson Procedure:

1. Introduction (5 minutes)

– Start the lesson by asking if anyone rents their living space, or knows someone who does. Discuss their current understanding of Renters Insurance.

2. Video Presentation (15 minutes)

– Play the video titled “What is Renters Insurance?” and encourage students to take notes.

3. Group Discussion (15 minutes)

After the video, divide the class into small groups and provide each group with handouts containing the following discussion questions:

  1. Can you define Renters Insurance in your own words?

  2. What are the three major types of coverage provided by Renters Insurance?

  3. Why is it important to have Renters Insurance even though your landlord has insurance on the building?

  4. How would you calculate how much coverage you need?

  5. What’s the difference between Actual Cash Value and Replacement Cost Value?

  6. Why might Renters Insurance be seen as a cost-effective solution?

  7. Can you think of a real-life scenario where Renters Insurance would be beneficial?

Discuss these questions as a class, allowing each group to share their responses.

4. Activity: Inventory Listing (10 minutes)

For this activity, ask students to create a hypothetical list of personal items they might have if they were renting a living space. They should then estimate the value of these items. This will help students understand the process of calculating how much personal property coverage they might need.

5. Review and Clarification (10 minutes)

Summarize the key points from the video and the discussions, and clarify any questions or misconceptions.

6. Quiz (10 minutes)

– End the lesson with a quiz (see below) to test students’ understanding of the topic.

7. Conclusion (5 minutes)

Recap the importance of understanding Renters Insurance, not just for protection of personal belongings, but for overall financial security. Encourage students to do further research if they, or their family and friends, are currently renting or considering it in the future.

Homework

Ask students to discuss what they learned about Renters Insurance with someone who is currently renting but does not have Renters Insurance, and note their reactions or any interesting comments for class discussion in the next session.

 

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What’s a Side Hustle and Extra Income Opportunities Lesson

A lesson about what is a side hustle.  Students learn about extra income opportunities and how to leverage their skills, passions, and market gaps to generate supplemental income, pay off debts faster, and help secure their financial future. 

This lesson covers the different types of side hustles, and how they can provide a supplemental income and gain insight on how a side hustle can help you pay off debt faster, ramp up your savings, and invest more towards your future. Understand the flexibility of a side hustle, and its potential to grow from a small project into a full-blown business. Get guidance on identifying your skills, passions, and market gaps, and how you can monetize them and learn the importance of balancing your side hustle with your full-time job and personal life. Also, realize how every dollar earned from your side hustle can aid in achieving financial independence.

CONCEPTS

Use this video lesson on the topic of jobs and earning income. Learn related concepts of:

  • Debt Reduction
  • Saving Strategies
  • Financial Planning and Money Management
  • Life-work balance
  • Entrepreneurship

GRADE LEVEL

8-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

What’s a Side Hustle? Extra Income Opportunities

After watching the video, have students tell what the most important things they learned from the video.

 

Lesson Plan: Understanding Side Hustles and Extra Income Opportunities

Objective: By the end of the lesson, students should be able to:

  • Understand the concept of a side hustle and its role in achieving financial freedom.
  • Identify potential side hustles based on their skills, interests, and market needs.
  • Understand the benefits and drawbacks of maintaining a side hustle.
  • Apply their knowledge to create a plan for a hypothetical side hustle.

Materials Needed:

  • Video: “What’s a Side Hustle? Extra Income Opportunities”
  • Pen and paper
  • Internet access for research

Lesson Procedure:

Introduction (5 minutes)

Briefly introduce the topic of side hustles and their growing significance in modern economies. Explain the structure and objectives of the lesson.

Video Viewing (15 minutes)

Show the video, “What’s a Side Hustle? Extra Income Opportunities”. Ask students to take notes while watching the video.

Discussion (15 minutes)

Invite students to share their initial thoughts and reactions to the video. Discuss key points from the video:

  • What is a side hustle?
  • Why consider a side hustle?
  • How to start a side hustle?
  • The importance of balancing side hustles with other responsibilities.

Ask students the following discussion questions:

  • Why do you think side hustles have become so popular?
  • What kinds of side hustles can you think of that weren’t mentioned in the video?
  • Do you believe that anyone can start a side hustle? Why or why not?
  • What are potential challenges of maintaining a side hustle?

Activity: Side Hustle Brainstorming (20 minutes)

Ask students to brainstorm potential side hustles based on their skills, interests, and market needs. Invite them to share their ideas and provide feedback for one another.

Activity: Creating a Side Hustle Plan (20 minutes)

Instruct students to pick one side hustle idea from their brainstorming session and develop a basic plan for it.This should include their goals, steps to get started, potential challenges, and strategies to overcome those challenges.

Wrap-up Discussion (10 minutes)

Invite students to share their side hustle plans with the class. Discuss as a class how a side hustle could impact their lives financially and personally.

Homework Assignment

Ask students to research successful side hustles and write a one-page summary about one that interests them.

Evaluation:

Quiz (10 minutes)

After the lesson, give a short quiz (see below) to assess understanding of the concepts.

Modifications:

For online classes, the discussion can be held in a chat or forum format, and the activities can be completed using digital tools such as Google Docs. The video can be shared via screen sharing or through a shared link.

For younger students or students who struggle with planning, the side hustle plan activity can be scaffolded with more specific prompts or a template.

Extension:

As an extension activity, students could be asked to carry out their side hustle plan in real life and report back on their experiences.

Side Hustle Suggestion Tool

  • Side Hustle Suggestions Tool – This interactive tool is designed to help you discover a side hustle that aligns with your specific situation, interests, and needs. By providing personalized recommendations, it guides you to potential side hustles that could be a good fit for your lifestyle, abilities, and financial goals.

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AI Technology Investing. Bubble or Opportunity Lesson

In this lesson, students will learn about AI technology and its transformative impact on personal finance. Understand the skyrocketing growth of AI companies, the potential for an AI bubble, and the importance of investment diversification and comprehensive financial planning.

This lesson offers a compelling and accessible exploration of the impact of AI technology on the stock market. Seamlessly blending fundamental investment principles, contemporary market analysis, historical context, and practical financial advice, the lesson demystifies complex financial concepts, encouraging students to critically engage with current market trends. Its balanced viewpoint and engaging tone ensure that students not only gain knowledge, but also learn to approach financial decision-making with caution and discipline. With its relevance to today’s financial landscape and its emphasis on long-term, diversified investment strategies, this lesson is an excellent resource for fostering financial literacy in the classroom.

CONCEPTS

Use this video lesson on the topic of investing and the stock market. Learn related concepts of:

  • Investing Principles
  • Risk Management
  • Financial Planning
  • Economic Indicators
  • Long-term Financial Strategy
  • Diversification Strategy

GRADE LEVEL

8-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

AI Technology Investing. Bubble or Opportunity?

After watching the video, have students tell what the most important things they learned from the video.

 

Lesson Plan: Understanding AI Technology in Personal Finance

Objective:

By the end of this lesson, students should be able to understand the implications of investing in AI technology, understand the concept of market bubbles, and how these concepts fit into a broader personal finance strategy.

Materials:

  • Video titled “AI Technology Investing. Bubble or Opportunity?”
  • Whiteboard or projector for visual aids
  • Handouts for activities

Lesson Procedure:

1. Introduction (10 minutes)

Begin the lesson by introducing the topic of the day: AI Technology in personal finance. Discuss briefly what AI is and its growing role in the world economy. Mention some companies that are leading in AI technology (e.g., Nvidia, Meta Platforms, Microsoft, and Alphabet).

2. Watch the Video (20 minutes)

Play the video titled “AI Technology Investing. Bubble or Opportunity?” for the class. Encourage students to take notes on key points.

3. Discussion (15 minutes)

Ask students the following discussion questions:

  • What is the current trend in the stock market concerning AI technology companies?
  • How does the growth of AI companies compare with the rest of the market?
  • What is a market bubble, and why might people be concerned that AI technology investing is a bubble?
  • What is the strategy suggested in the video to avoid the risk of a potential AI bubble?
  • What other sectors should investors consider to stay diversified?

4. Activity: Diversification Strategy (10 minutes)

Split the class into small groups and have each group develop a sample diversified investment portfolio. The portfolio should include AI companies but also consider other sectors mentioned in the video. Each group will present their portfolio to the class and explain their rationale.

5. Quiz (5 minutes)

Distribute a short quiz to test student understanding of the video content.

6. Conclusion (2 minutes)

Summarize key takeaways from the lesson. Remind students of the importance of diversification in investing and staying informed about market trends.

Homework:

Ask students to watch the news or read articles about current AI companies and their performance in the market for a week. They should write a one-page reflection on whether they believe AI technology is a bubble or an opportunity, providing reasons for their view.

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How to Read a Credit Card Statement Lesson

In this lesson, students will learn about understanding their credit card statements, using a comprehensive guide covering various aspects, including billing cycles and interest charges. They will learn to efficiently manage their finances, ensuring punctual payments, and maintaining a favorable credit score.

CONCEPTS

Use this video lesson on the topic of credit card statements. Learn related concepts of:

  • Money Management
  • Credit and Debt
  • Risk Management
  • Financial Decision Making
  • Consumer Rights and Responsibilities

GRADE LEVEL

8-12th grades. Middle School. High School. College. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

How to Read a Credit Card Statement

After watching the video, have students tell what the most important things they learned from the video.

 

Lesson Plan: Understanding Your Credit Card Statement


Objectives:

  • Students will understand the main components of a credit card statement.
  • Students will learn how to identify unauthorized charges.
  • Students will gain an understanding of the importance of paying off credit card balances.
  • Students will understand how credit card rewards work.

Materials:

Video “How to Read a Credit Card Statement,” projector or smartboard, handouts with examples of credit card statements, pens, and paper for notes and quiz.

Introduction (15 minutes)

Ask students about their understanding of credit cards and credit card statements. Have them share their thoughts and experiences. Introduce the video and the objectives of the lesson.

Video Viewing (10 minutes)

Show the video “How to Read a Credit Card Statement.”

Discussion (15 minutes)

Ask students to discuss what they learned from the video. Prompts might include:

  • What is a credit card statement?
  • What are the main parts of a credit card statement?
  • What is the significance of the billing cycle and payment due date?
  • How does interest work on a credit card, and how can you avoid paying it?
  • What are credit card rewards and how do they work?

Encourage students to share any surprises or new understandings from the video.

Activity (20 minutes)

Distribute the handouts with the example credit card statements. Have students work in pairs or small groups to analyze the statements. They should identify the key parts of the statement and discuss any errors or unusual transactions. Ask students to discuss how they might use this information to manage their finances and credit cards effectively.

Quiz (20 minutes)

Ask students to complete the quiz individually to reinforce their learning.

Conclusion (10 minutes)

Review the key concepts covered in the lesson, focusing on the importance of understanding credit card statements for maintaining healthy financial habits. Invite students to share one thing they learned and will use in managing their own finances.

Homework

Ask students to bring in their own (or a parent’s) anonymized credit card statement for the next class, where they will use their newfound knowledge to analyze and understand it.

Evaluation

Student understanding will be assessed through discussion participation, group activity, and quiz performance.

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Saving Money When You are Broke Lesson

In this lesson, students will learn eight important steps for saving money. They will learn how to save money by assessing their financial situation, creating a budget, cutting expenses, prioritizing paying off high-interest debt, building an emergency fund, looking for additional income sources, automating their savings, and staying committed and accountable to their goals.

CONCEPTS

Use this video lesson on the topic of budgeting and saving money. Learn related concepts of:

  • Assessing finances
  • Creating a budget
  • Cutting expenses
  • Prioritizing debt
  • Building an emergency fund
  • Finding income sources
  • Automating savings
  • Goal setting

GRADE LEVEL

8-12th grades. Middle School. High School. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

How to Save Money When You are Broke

After watching the video, have students tell what the most important things they learned from the video.

Additional Resources

See our additional resources on banking:

 

Lesson Plan: Saving Money When You Are Broke

Objectives:

  • Students will learn the importance of budgeting and saving money, even when their income is limited.
  • Students will learn strategies for cutting expenses and paying off debt.
  • Students will learn how to build an emergency fund and look for additional income sources.
  • Students will be able to create a budget and develop a plan to save money.

Materials:

  • Video: “How to Save Money When You Are Broke”
  • Whiteboard and markers
  • Handout: Budget Worksheets
  • Quiz: “Saving Money When You Are Broke” (see below).

Introduction:

Ask students if they have ever felt broke or struggled with money management. Introduce the video and explain that it will provide tips and strategies for saving money when you are broke. Encourage students to take notes during the video and ask questions at the end.

Video:

Play the video “How to Save Money when You Are Broke.” After the video, ask students what they learned and what strategies they found most helpful.  se the whiteboard to write down key concepts and strategies discussed in the video.

Discussion Questions:

  • Why is it important to have a budget?
  • How can you prioritize paying off debt?
  • What are some strategies for cutting expenses?
  • Why is it important to have an emergency fund?
  • How can you look for additional income sources?

Activities:

Budgeting Worksheet: Provide students with a handout that includes a budgeting worksheet. Have students fill out the worksheet using their own expenses and income. Then, have them identify areas where they can cut back and allocate money towards savings and debt payments.

Group Activity: Divide students into groups and assign each group a scenario, such as a single parent with one child, a college student with a part-time job, or a recent graduate with student loan debt. Have each group create a budget and a plan to save money based on their scenario.

Personal Reflection: Have students write a personal reflection on their current financial situation and what steps they can take to improve it. Encourage them to be specific and set goals for saving and debt reduction.

Quiz:

Distribute the quiz “Saving Money When You Are Broke” to students. The quiz should include multiple choice answer questions based on the video and class discussions. The quiz should assess students’ understanding of key concepts and strategies for saving money when you are broke.

Conclusion:

Review key concepts and strategies discussed in the video. Encourage students to continue to budget, save, and seek out additional income sources. Provide resources for financial education and counseling, such as the website mentioned in the video. Thank students for their participation and encourage them to apply what they have learned to their own lives.

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Understanding Different Types of Bank Accounts Lesson

In this lesson students will learn learn how to choose a bank account. A beginner’s guide to the different types of bank accounts, including checking accounts, savings accounts, money market accounts, and CDs. Including their unique features, advantages, and limitations to help them make an informed decision about which account is best for their financial goals.

CONCEPTS

Use this video lesson on the topic of bank accounts. Learn related concepts of:

  • Banking
  • Checking accounts
  • Savings accounts
  • Money Markets
  • Certificates of deposits or CDs

GRADE LEVEL

8-12th grades. Middle School. High School. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

Understanding Different Types of Bank Accounts

After watching the video, have students tell what the most important things they learned from the video.

Additional Resources

See our additional resources on banking:

 

Lesson Plan: Understanding Different Types of Bank Accounts


Objective: By the end of this lesson, students will be able to differentiate between different types of bank accounts and their features and benefits, and make informed decisions about which account is best for them.


Materials:

  • Video: Understanding different types of bank accounts
  • Whiteboard or blackboard and markers
  • Handout: Types of Bank Accounts
  • Quiz: Understanding different types of bank accounts


Procedure:

Introduction: Begin by asking students if they have a bank account and what type of account it is. Ask if they know the different types of bank accounts available.

Video: Play the video “Understanding different types of bank accounts” for the class.

Discussion: Use the whiteboard or blackboard to list the four types of bank accounts discussed in the video: checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). Discuss each type of account and its features and benefits, using the handout as a reference. Encourage students to ask questions and share their own experiences with different types of accounts.

Comparison: Ask students to compare and contrast the different types of accounts. What are the similarities and differences? Which accounts are best for short-term savings, long-term savings, or day-to-day transactions? Which accounts offer the highest interest rates? Which accounts have the most fees?

Decision-making: Ask students to consider their own financial goals and needs, and to choose the account that best suits them. What are their priorities? Do they need easy access to their money, or are they willing to lock it away for a higher interest rate? Have students share their decisions with the class and explain their reasoning.

Quiz: Distribute the quiz to students to assess their understanding of the material covered in the lesson.

Assessment: The quiz will be used to assess students’ understanding of the different types of bank accounts and their features and benefits. Students who score at least 80% on the quiz will be considered to have mastered the material.

 

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How to Use an ATM Lesson

In this lesson students will learn how to use and withdraw money from an ATM.

CONCEPTS

Use this video lesson on the topic of how to use an ATM. Learn related concepts of:

  • Banking
  • Checking accounts
  • Debit Card
  • Deposit/Withdrawal
  • Overdraft fee

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

How to Use an ATM

After watching the video, have students tell what the most important things they learned from the video.

Additional Resources

See our additional resources on banking:

 

Lesson Plan: How to Use an ATM

Objective: By the end of this lesson, students will be able to confidently and safely use an ATM to withdraw cash and check their account balance.

Materials:

  • The video “How to Use an ATM”
  • An ATM machine (if available)
  • Paper and pens/pencils for note-taking
  • Discussion questions and quiz (provided below)

 

Introduction (5 minutes):

Greet the class and introduce the topic of using an ATM. Ask students if they have ever used an ATM before and what their experience was like. Explain the objective of the lesson and the importance of knowing how to use an ATM.

Video (10 minutes):

Show the video “How to Use an ATM”. Ask students to take notes on the steps outlined in the video. After the video, review the steps with the class and answer any questions they may have.


Discussion (10 minutes):

Ask the following discussion questions to the class:

  • Why is it important to use an ATM in a well-lit, busy area?
  • Why should you cover the keypad with your hand or another object while entering your PIN?
  • What should you do if you enter your PIN incorrectly too many times?
  • What are some of the different transactions you can complete at an ATM?
  • Why is it important to make sure you have enough money in your account before withdrawing cash?
  • Encourage students to share their own experiences and opinions on using ATMs.


Activity (15 minutes):

Divide the class into pairs or small groups. Provide each group with a hypothetical scenario in which they need to use an ATM (e.g. “You need to withdraw $50 for a concert ticket, but you only have $40 in your account. What do you do?”) Ask each group to work together to come up with a solution to the scenario, using the steps outlined in the video. After 10 minutes, ask each group to share their solution with the class and discuss any similarities or differences between their approaches.


Quiz (10 minutes):

Provide each student with a copy of the quiz. Give the class 10 minutes to complete the quiz. Review the answers with the class and discuss any questions they may have.


Conclusion (5 minutes):

Summarize the main points of the lesson. Encourage students to practice using an ATM in a safe and secure environment. Thank the class for participating and answer any final questions.

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How to Fill Out an IRS W-4 Form Lesson

In this lesson students will learn how to fill out a W-4 form (W4), an important document for your employment paperwork. You’ll learn about the different sections of the form, such as personal information, dependents and other credits, and adjustments to your tax withholding, as well as the importance of updating it when your tax situation changes.

CONCEPTS

Use this video lesson on the topic of understanding the IRS W-4 form. Learn basic tax and related concepts of:

  • IRS W-4 Form
  • Tax Withholding
  • Personal Information
  • Filing Status
  • Dependents and Credits
  • Paycheck Taxes
  • Tax Return
  • Income Tax
  • Deductions

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

How to Fill Out an IRS W-4 Form

After watching the video, have students tell what the most important things they learned from the video.

Additional Resources

See our additional resources on taxes:

 

Lesson Plan: How to Fill Out an IRS W-4 Form


Objectives:

  • Students will be able to understand the purpose and importance of the IRS W-4 form.
  • Students will be able to accurately fill out an IRS W-4 form.
  • Students will be able to identify situations where they need to update their W-4 form.

Materials:

  • Video: “How to Fill Out an IRS W-4 Form”
  • Sample W-4 form (link below see “Lesson Resources”)
  • Pen or pencil


Procedure:

Introduction (10 minutes):

Ask students if they have ever heard of an IRS W-4 form and what they know about it. Introduce the video, “How to Fill Out an IRS W-4 Form,” and explain that it will cover the purpose and importance of the form, as well as how to fill it out accurately.

Video Viewing (10 minutes):

Play the video, “How to Fill Out an IRS W-4 Form,” for the class. As the video plays, ask students to take notes on the different sections of the form and any instructions or tips provided.

Discussion and Activity (30 minutes):

After the video, lead a discussion on the purpose and importance of the W-4 form, as well as the different sections covered in the video. Distribute a sample W-4 form to each student and have them practice filling it out using the information provided in the video. Walk around the classroom and provide assistance as needed.

Once students have completed their W-4 form, pair them up with a partner and have them review each other’s forms to ensure accuracy. As a class, discuss any areas where students may have had difficulty or questions.

Quiz (10 minutes):

Distribute a quiz based on the video, consisting of multiple choice questions. Review the answers as a class to reinforce the concepts covered in the video.

Conclusion (5 minutes):

Summarize the purpose and importance of the W-4 form. Emphasize the importance of updating the form whenever tax situations change.

Assessment:

  • Accuracy of completed W-4 form
  • Participation in class discussion and activity
  • Quiz results


Discussion Questions:

What is the purpose of the IRS W-4 form?

Why is it important to accurately fill out the W-4 form?

What are the different sections of the W-4 form and what information is required in each section?

When should you update your W-4 form?

What happens if you do not update your W-4 form when your tax situation changes?

Activities:

  • Have students research and present on a tax-related topic, such as deductions, credits, or tax brackets.
  • Have students compare and contrast the W-4 form with other tax forms, such as the W-2 or 1099 form.
  • Have students analyze and interpret their own pay stub to understand how taxes are withheld from their paycheck.

 

Lesson Resources

How to Fill Out an IRS W-4 Form

  • Page includes link to IRS W-4 form

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LESSON CATEGORIES

For additional related lessons, explore our main category pages:


Categories Earning Money, Taxes, Tags , , ,
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What is Car Insurance Lesson

In this lesson students will learn learn the basics of car insurance, including what it is, why you need it, and common car insurance terminology. We cover different types of car insurance coverage, factors affecting insurance premiums, and optional coverages.

CONCEPTS

Use this video lesson on the topic of understanding car insurance. Learn basic insurance and related concepts of:

  • Car insurance premium
  • Deductible
  • Coverage limit
  • Claim
  • Policy
  • Liability coverage
  • Collision coverage
  • Comprehensive coverage
  • Uninsured/Underinsured Motorist Coverage

GRADE LEVEL

9-12th grades. High School. Adult Education.

TIME REQUIRED

25-35 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.

PROCEDURE

Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

What is Car Insurance?

After watching the video, have students tell what the most important things they learned from the video.

Additional Resources

See our additional resources on insurance:

 

Lesson Plan: Understanding Car Insurance

Objective:
Students will understand the basics of car insurance, including its definition, types of coverage, and factors affecting premiums.

Materials Needed:

  • Video: “What is Car Insurance? How does it work?”
  • Whiteboard and markers
  • Handouts with key terms and discussion questions
  • Computer or tablet for research

Introduction:

Begin by asking students if they have ever heard of car insurance and what they know about it.

Share with students that car insurance is a legal requirement in most states and it helps protect drivers financially in case of an accident.

Video and Discussion:

Show the video “What is Car Insurance? How does it work?” to the class. After the video, ask students to share what they learned and to define the key terms mentioned in the video, such as premium, deductible, coverage limit, claim, and policy.

Discuss the importance of each type of coverage, including liability, collision, comprehensive, personal injury protection, and uninsured/underinsured motorist coverage.

Ask students to give examples of scenarios where each type of coverage might be necessary. Discuss the factors that affect car insurance premiums, including age and gender, driving history, type of vehicle, coverage limits and deductibles, and location.

Activities:

Divide students into small groups and give each group a scenario, such as a car accident or car theft. Ask students to research and determine which type of coverage would be necessary and how it would protect the driver financially. Ask students to create a chart or graph that shows the average car insurance premiums for different age groups, genders, and types of vehicles.

Have students create a presentation that explains the basics of car insurance to a group of new drivers.

Conclusion:

Review the key terms and types of coverage discussed in the lesson. Ask students to share one thing they learned about car insurance that they didn’t know before the lesson.

Remind students that car insurance is a legal requirement and it’s important to have the right coverage to protect them financially in case of an accident.

Lesson Resource

What is Car Insurance? How does it Work?

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LESSON CATEGORIES

For additional related lessons, explore our main category pages:


Categories Insurance, Tags , , ,
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