Warm Up April 26, 2011 My Life – You will write a paragraph about how the concepts in this unit matter to their life. They will include ideas that they were given while learning this unit. They will also write how they will use these concepts to better their financial future. ( 5 mins)
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Warm Up April 26, 2011 My Life – You will write a paragraph about how the concepts in this unit matter to their life. They will include ideas that they.
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Warm Up April 26, 2011
My Life – You will write a paragraph about how the concepts in this unit matter to their life. They will include ideas that they were given while learning this unit. They will also write how they will use these concepts to better their financial future.
( 5 mins)
Activator
Continue My Life writing assignment using vocabulary related to personal banking.
( 5 mins)
Standard/Elements
SS7E4 The student will explain personal money management choices in terms of income, spending, credit, saving, and investing.
Essential Question
What are the personal money management choices in terms of income, spending, credit, saving, and investing?
Today I will learn how to explain personal money
management choices because life is all about income, spending, credit, saving, and investing.
Work Period You will complete your banking transactions register-
( 30 mins)
Game of Life
Directions
• Get a job, discuss salary, set up budget, must pay all bills, must flip coin for any toss up decision. Example go out to dinner (H) or get fast food (T). Must balance check book after every decision. If you run out of money your done until next pay check unless, coin flip, to use credit card.
(H) New Clothes 3 - Shirt/blouse: $20.00 to $60.00
- $80.00 2 - Pants/Skirt: $30.00 to
$120.00 - $120.001 - Shoes: $25.00 to
$150.00 - $60.00
Total: $260.00
Feeling a Little Under the Weather.
• Time for a doctor’s visit to try and get rid of that cough.
• Jobs 1, 2, 3, 4, 5 and10 you all have insurance doctors visit $25.00.
• Jobs 7, 8, 9, 11, and 12 you do not have insurance doctors visit $100.00.
Date Night!
• You decide to take that special someone out. Flip a coin to decide what you do (H) dinner at the Cheesecake Factory and a movie the AMC or (T) Make dinner and rent a movie.
• Don’t forget to balance your checkbook.
• (H) Dinner and a movie
Dinner = $50.00
Movie = $22.00
Total = $72.00• (T) Cook and rent a
movie
Dinner = $20.00
Movie = $7.00
Total = $27.00
Let’s Get Some Cash Out…• You need to stop by the ATM to withdraw some
cash.• Everyone needs to withdraw $40.00 from their
bank account for the weekend.• Make sure you balance your checkbook and are
using the correct codes in your transaction register.
Time to Check the Checking Account.
• Check out your checkbook and try and calculate how much money you have spent so far.
• Compare with a neighbor and see if they are doing as good or better than you.
• How much money do you have left?
Closing• Reflective Statements – Students will
reflect on the issues encountered during their filling out the transaction register and how this would affect them in the real world.