* Do you have a checking account or credit card that you pay for? Do you know how to manage a...
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Transcript of * Do you have a checking account or credit card that you pay for? Do you know how to manage a...
*JumpStart
*Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card?
*Please put your responses in complete sentences.
*Banking Unit
*Essential Question
*How do I manage a checking account?
*Learning Target
I know how to manage a checking and savings account.
This means:
*I know how to write a check.
*I know how to balance a check book.
*Vocabulary
• Savings account: • a place where you put or deposit
money so that it will be safe and grow.
• Checking account: • a place where you put or deposit
money when you will need to spend it soon.
*Vocabulary
• Credit Card• A card issued that loans you money to
pay for items you don’t have the money to purchase• Charges you interest if not paid off by
specific date (5-30%)
• Debit Card• A card issued by a bank or credit union• Allows you to pay for items from your
checking or savings account
*Vocabulary
• Late Fee• A charge added to a bill because it was
not paid on time
• ATM (Automated Teller Machine):• Deposit money into one of your accounts• Withdraw money from one of your accounts• Transfer money between accounts
Your name and address
The person or company you are writing the check to
Date the check is written
Check number
Your signature
Check amount in numbers
Check amount in words
What the check is for
Routing number (the number of your bank)
Account number
*Vocabulary
• Write Checks to the following places for the following amounts using today’s date
• Nevada Power for $48.93
• At & T for $120.00 for cell phone
• State Farm Insurance for $238.15 for auto insurance
*Closing Thought
* What surprised you the most about today’s lesson and why?
*Be sure to write down the question and answer it using complete sentences