How to Balance a Checkbook Lesson

A lesson for students on the basics of balancing a checkbook, or checkbook register.

Students learn how to balance a checkbook, through a step-by-step video tutorial. The lesson covers the essential aspects of ensuring your financial records align with your bank’s. First, it explains what a checkbook is and outlines the types of transactions it tracks, such as checks, debit card swipes, deposits, and automatic bill payments.

The lesson also emphasizes the importance of balancing your checkbook regularly to catch errors, avoid overdraft fees, and detect potential fraud. You’ll learn about the materials you’ll need, such as a checkbook register or a budgeting app, along with your most recent bank statement. The video guides you through the process of adding deposits and income, subtracting payments and withdrawals, and then comparing these numbers with your current balance. Finally, the lesson provides tips for troubleshooting discrepancies and explains why making this practice a regular habit sets you on the path to personal financial success.


Use this video lesson on the topic of checkbook balancing basics. Learn related concepts of:

  • Financial Literacy
  • Budgeting
  • Expense Tracking
  • Financial Planning
  • Earning Income
  • Saving
  • Spending
  • Risk Management


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


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.


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 Balance a Checkbook

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


Lesson Plan: How to Balance a Checkbook


By the end of this lesson, students should be able to understand the steps and importance of balancing a checkbook. They should also be able to practice these steps using real or simulated financial transactions.

Materials Needed:

  • Video: “How to Balance a Checkbook”
  • Checkbook register or budgeting app for each student
  • Sample bank statements
  • Calculators
  • Computers/Tablets to access the “MI Chat chatbot”

Lesson Outline:

  1. Introduction (5 minutes)
    • Discuss the importance of financial literacy.
    • Ask students about their experiences with budgeting or tracking expenses.
  2. Watch the Video (15 minutes)
    • Play the video “How to Balance a Checkbook”.
    • Pause at key moments to clarify any points or answer questions.
  3. Discussion Questions (10 minutes)
    • Why is balancing a checkbook important even in a digital age?
    • What are the risks if you do not balance your checkbook regularly?
    • What materials are essential for balancing a checkbook?
  4. Group Activity: Balance a Sample Checkbook (15 minutes)
    • Provide students with a sample bank statement and a checkbook register.
    • Have students work in pairs to balance the sample checkbook following the steps from the video.
  5. Quiz (10 minutes)
    • Administer a short quiz to test understanding of the concepts in the video.
  6. Chatbot Activity with “MI Chat chatbot” (10 minutes)
    • Students will interact with the MI Chat chatbot, which will ask questions about the steps to balance a checkbook.
    • This activity will serve as additional reinforcement and assessment of students’ understanding.
  7. Closure (5 minutes)
    • Review the key steps to balancing a checkbook.
    • Discuss the importance of making this a regular habit.


Students will be assessed based on their participation in the discussion, their performance in the group activity, the quiz results, and their interaction with the MI Chat chatbot.

Lesson Resources

MI Chat Chatbot Tool

  • How to balance a checkbook questions with MI Chat chatbot – Use the MI Chat chatbot to test your students’ understanding of the lesson. The MI Chat chatbot is an interactive platform designed to deepen understanding of various subjects, aligning with specific queries and thoughts. Offering personalized insights, it directs users toward a clearer grasp of topics, ensuring they match their learning pace, knowledge level, and cognitive goals.

Get Lesson


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