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.