In this lesson, students explain how to make choices regarding the use and management of credit and debt and understand how credit is typically used in the US.
In this lesson, students learn and explain how banks make money on checking accounts, identify typical checking accounts fees and how they are triggered, and how to avoid overdraft fees.
In this lesson, students give reasons that some Americans do not have checking accounts, explain some of the options available to those without checking accounts, and describe the financial and convenience costs associated with not having a checking account.
In this lesson, students learn about the services available with a checking account and decide whether having one makes sense for them and become familiar with vocabulary needed to manage a checking account.
With this activity, students use an online simulation to practice checking balances, reading statements, doing online transfers, and paying bills using online banking.
In this lesson, students enumerate the components of a credit report and how long each data type is retained, read a credit report, and explain key components of the Fair Credit Reporting Act and how it impacts lenders and borrowers.
In this lesson, students name the components of a credit score and how they're calculated, with specific focus on credit utilization and describe how credit score impacts the ability to borrow money and at what rate.
In this lesson, students identify various rules of thumb and strategies to save money, determine whether a direct deposit or manually saving is the best strategy for them, understand how compound interest works to increase savings, explain how to use the Rule of 72, and recommend different mobile apps that can help them manage and increas their savings.
In this unit, students identify risks and protection strategies, describe basic types of insurance available to customers, and determine likely use cases. Students also describe the agencies that regulate insurance in one's state of residence.
In this lesson, students make a deposit, write a check, manage a check register, read a bank statement, reconcile a checkbook, and protect a checking account.
In this lesson, students generate a list of responsible strategies that can be used by an indvidual to pay down and eliminate their debts and learn the consequences for not paying one's debts and the choices of last resort for out-of-control debt.
In this lesson, students explain the difference between online and mobile banking, name features and functions of online and mobile banking, and identify hazards and security risks associated with online and mobile banking and strategies for avoiding them.
In this lesson, students identify pros and cons of different payment methods-including cash, checks, debit cards, prepaid cards, and person-to-person payments-and select an appropriate form of payment for given contexts.
With this lesson, students explain how saving is linked to overall wealth, describe how saving and investing are different, understand fundamentals of saving such as reasons for saving, how much to save, and strategies to enable savings, and acknowledge the role of delayed gratification in saving.
For this activity, students conduct online research to determine how much of their income they should save each month and to identify the strategies which are most effective for saving money.
For this activity, students create a spreadsheet to determine how much money Allen Iverson would have today if he had saved a small percentage of his salary every season and invested it in an index fund of the S&P 500.
For this activity, students choose between two financial options providing an explanation for their choice and completing an activity using the financial options.
In this lesson, students compare different savings vehicles such as a savings account, CD, and money market account. Students also identify important criteria to consider when selecting a savings account and make a systematic and informed decision by gathering, evaluating, and comparing information.
In this lesson, students identify important criteria to consider when selecting a checking account, make a systematic and informed decision by gathering, evaluating, and comparing information, and prepare to open a checking account.
In this lesson, students identify everyday obstacles Americans experience when trying to save money, understand why it is important to maintain an emergency fund, describe their own savings goals, and estimate the cost of medium-and long-term goals and devise smaller, periodic savings goals to reach them.
For this activity, students write a letter for a family member or friend explaining their savings goals and to request their support to keep students accountable.