This lesson teaches students to dive into the differences and functionalities of credit and debit cards to enhance their financial understanding. It highlights how debit cards help manage spending by using existing funds and preventing debt, while credit cards offer opportunities to build credit and earn rewards, provided they are managed well to avoid hefty … Continue reading Credit Cards vs. Debit Cards: Which is Right for You? A Simple Guide for Beginners Lesson
Checking Lessons
Welcome to our page on checking! We believe that understanding how to manage a checking account is a crucial skill in financial literacy. Our resources are designed to provide a comprehensive understanding of checking, including opening a checking account, writing checks, and balancing a checkbook. Whether you’re a teacher, parent, or financial educator, our collection of lesson plans, worksheets, and activities will equip you with the tools you need to teach these critical skills and empower students to become responsible checking account holders. From managing expenses to avoiding overdraft fees, our materials will help students master the skill of checking and become financially responsible individuals.
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How to Write a Check: Step-by-Step Guide for Beginners Lesson
A lesson for students on the essential steps and tips of check writing. Covering every step of filling out a check to someone from dating the check to dollars and cents, and the essential final signature. Students learn the fundamentals of check writing in this lesson. Even though many of us lean heavily on digital … Continue reading How to Write a Check: Step-by-Step Guide for Beginners Lesson
Saving for your future – types of savings accounts and the interest rates
Title: Saving for your future Grade Level: 11 Duration: 1 hour Learning Objectives: – Students will be able to identify different types of savings accounts – Students will understand the concept of interest rates and the impact on savings – Students will be able to evaluate different options for saving money Teaching Strategies and Materials: … Continue reading Saving for your future – types of savings accounts and the interest rates
How to Endorse a Check Lesson
A lesson for students on how to properly endorse a check. Covers everything from basic tips to methods like blank, restrictive, and third-party endorsements. Includes essential advice to ensure your money lands safely in your bank account. In this lesson, students learn how to properly endorse a check through a comprehensive video guide. The video … Continue reading How to Endorse a Check Lesson
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 … Continue reading How to Balance a Checkbook Lesson
What is a Checking Account Lesson
A lesson for students on the basics of understanding checking accounts, covering everything from core components to digital banking features. Also, gain essential tips on avoiding overdrafts and making smart financial choices. Students learn the ins and outs of checking accounts, a crucial tool for managing personal finances. This lesson covers everything from the core … Continue reading What is a Checking Account Lesson
What is a Check Lesson
A lesson for students on the basics of what a check is. Students learn that a check is a written document that instructs a bank to transfer a specific amount of money from your account to another account. It serves as a formal commitment to pay. The essential parts of a personal check include the … Continue reading What is a Check Lesson
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 … Continue reading Understanding Different Types of Bank Accounts Lesson
What is a Bank Statement? How to Read.
The lesson is about understanding and interpreting bank statements, which are documents that show financial transactions made to an account over a specified period of time. CONCEPTS Use this video lesson on the topic of bank statements, including the various components of a bank statement, such as the bank information, statement period, account number, type … Continue reading What is a Bank Statement? How to Read.
Cash the Check and Track the Dough
Students participate in an activity to learn about checking accounts, savings accounts and check-cashing services. Students learn the components of a check, and they organize and enter information into an account register for a fictitious person in order to determine the person’s balance. Students learn why maintaining account records is important. Students balance a monthly account statement.
