BANKING IN THE CLASSROOM

Ashley Bailey

Standard

SS5E4 The student will identify the elements of a personal budget and explain why personal spending and saving decisions are important.

Day 1

Define terms for activity Cost Debits Credits Earn Receive Budget Spending Saving

Day 1 - Continued

Students will brainstorm with the class and then create a Comic Life project to describe the credits and debits earned in the classroom.

This project will be accessible to the student throughout the activity so they can keep up with their earnings.

Ideas for credits: homework, an A, B, or C on a test, good attendance, etc.

Ideas for debits: not prepared, F on a test, tardies, absences, etc.

Day 2

Complete Comic Life and print Begin keeping track of debits and credits

with a starting balance of $100.00 using template found here

Discuss the importance of keeping track of money using a register

Day 3-4

Review the idea of banking, business and personal finance.

Functions: Businesses, Banks, Functions: Businesses, Banks, & Government& Government

http://econ161.berkeley.edu/multimedia/circular.html

http://econ161.berkeley.edu/multimedia/circular.html

What is the function of business in our

economy?

What are the functions of banks in our

economy?

What is the function of government in our

economy?

How do these three interact?

What is the function of business in our

economy?

What are the functions of banks in our

economy?

What is the function of government in our

economy?

How do these three interact?

Courtesy of georgiastandards.org

Personal FinancePersonal Finance

Feed the Pig! Great personal finance site with lots of interactive components: http://www.feedthepig.org/.

Holiday Savings Calculatorhttp://www.kidsbank.com/calculators/holiday/hol_calc.asp :

Courtesy of georgiastandards.org

This is the rubric to help the teacher grade the projects. The rubric will be available to the students.

rubric