What is Interest? Introduction to Interest Rates.

Learn the basics of interest, how you earn interest, and compound interest.  An introduction to interest rates. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Interest Interest Rates Saving Bank Loans PROCEDURE Hand out the worksheet below (see the GET LESSON button near the … Continue reading What is Interest? Introduction to Interest Rates.

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Categories Banking, Basic Money, Borrowing Money, Money Math, Saving & Investing, Tags , , , , ,
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What is a Mortgage?

Learn the basics of a mortgage loan for buying a home, types of mortgage lenders, and types of mortgages.  An introduction to mortgages. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Mortgages Purchasing a Home Home Loans Interest Rates Budgeting and Monthly Expenses PROCEDURE … Continue reading What is a Mortgage?

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Categories Banking, Borrowing Money, Budgeting, Real Estate, Tags , , , , ,
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What Interest Rate Increases Mean for You

What to expect as the Federal Reserve (the central bank of the United States) increases interest rates. How it impacts your budget, and your money. Understand why the Federal Reserve is increasing rates, so we all will see our borrowing costs potentially rise. Here are some ways that rate hikes could affect you, your money, … Continue reading What Interest Rate Increases Mean for You

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Categories Banking, Basic Money, Borrowing Money, Credit, Credit Cards, Economics, Saving & Investing, Tags , , , , , ,
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Types of Money | Commodity, Representative, Fiat, and Bank Money

What is money? Economists differentiate among several different types.  Learn about the four main types of money including commodity money, representative money, fiat money, and bank money. Also learn why intrinsic value is important for understanding the types of money. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of … Continue reading Types of Money | Commodity, Representative, Fiat, and Bank Money

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Main Functions of Money

Learn what is money and what are its four main functions. Money serves all these functions: it is a medium for exchange, store of value, unit of account, and standard for deferred payments. CONCEPTS Use this video lesson on the topic to discuss the basic economic concepts of Money Barter Inflation PROCEDURE Hand out the … Continue reading Main Functions of Money

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Savvy Savers – Benefits of Interest-Bearing Accounts

Students calculate compound interest to identify benefits of saving in interest-bearing accounts. They learn the “rule of 72” and apply it to both investments and debt. They learn that there is a relationship between the level of risk for an investment and the potential reward or return on that investment.

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Banking Services – Comparing & Evaluating Financial Service Products

In this lesson students practice comparing and evaluating various banking services, including checking and savings accounts, debit cards/ATM, and online banking. Perform the tasks associated with maintaining checking and savings accounts. Teaching Objectives: Understand the services offered by banks, savings and loans, and credit unions List some of the factors to consider when shopping for … Continue reading Banking Services – Comparing & Evaluating Financial Service Products

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Finding Financial Services

The student will learn about financial service providers. Teaching Objectives:  Identify the most common types of financial service providers.  Explain the services offered by different financial institutions.  Determine which kinds of financial services providers and services are appropriate for different situations.  Weigh the costs and benefits of using financial services. Standard 3: The student will … Continue reading Finding Financial Services

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