Discussing issues related to credit
|
|
- Cathleen Ramsey
- 8 years ago
- Views:
Transcription
1 Educational Activities for students ages 10 and 11 Discussing issues related to credit level: elementary school age group: Students ages 10 and 11 activity Summary After studying various payment methods, students take part in an interactive story that introduces them to guidelines and the consequences of using credit. They then produce their own guide for people who use credit. Financial skills Understanding credit Using an account at a financial institution age group Students ages 10 and 11 when April and May time required 5 hours 45 minutes area of learning Environment and consumption competencies Disciplinary competencies taught Disciplines Competencies Progression des apprentissages English Writing a variety of texts Reading a variety of texts Mathematics Using mathematical concepts to reason Use all the reading- and writing-related concepts discussed in class Associate a percentage with a decimal number Convert decimal numbers into percentages, and vice versa Use a calculator Non-disciplinary competencies Cooperation Educational Activities for students ages 10 and 11 - page 1
2 Preparation Students are introduced to various payment methods and become aware of credit-related issues. Task 1 become familiar with payment methods time required 60 minutes teaching material Payment methods Pros and Cons of Payment Methods On desjardins.com task 1 objective At the end of this task, students will be able to identify the pros and cons of various payment methods. Instructions 1. Ask the students to name payment methods that they know, and talk about the benefits and disadvantages of each. 2. Hand out the worksheet Pros and Cons of Payment Methods. 3. Watch the short video and ask the students to complete the worksheet afterward. 4. Go around the room and correct the worksheet with the class. Task 2 study what s involved when paying by credit card time required 2 hours teaching material Credit Cards On desjardins.com task 2 objective At the end of this task, students will understand credit card payments and related issues in greater detail. teacher s notes When we borrow money to pay for purchases, we are charged interest rates that can vary depending on the type of credit used. To elaborate, you can explain to the students that along with credit cards, borrowers can obtain several kinds of loans, including car loans, mortgages and personal loans. Each type of loan has its own fees, but unlike credit cards, monthly loan repayments are set in advance and remain the same until the loan is fully repaid. Educational Activities for students ages 10 and 11 - page 2
3 Task 2 study what s involved when paying by credit card (suite) Instructions 1. Ask students how much they know about using credit cards. 2. Write their statements on the board. 3. Display the Credit Cards worksheet on the board and read it with the class. 4. Summarize the worksheet with the students, asking them to express what they learned about using credit. execution To learn how credit works, students read an interactive story in which they play the leading roles. Task 1 Read an interactive story about credit teacher s notes time required 60 minutes teaching material Sylvia s Experience Lessons Learned On desjardins.com It s fine for students to use calculators in conjunction with this activity. task 1 objective At the end of this task, students will understand credit-related issues thanks to an interactive story in which they must make calculations involving money. Instructions 1. Form teams of 2 students, then give each team a copy of the worksheet Lessons Learned and a pencil. 2. Each team watches Sylvia s Experience. 3. Each team reads the story s simulated scenario and makes a choice when prompted to do so. 4. As they read, students must write on the worksheet the amounts of Sylvia s purchases and other information, as requested. 5. When they have finished reading, the students write what they took away from Sylvia s experience. 6. Go around the room and ask the students to describe what they took away from this experience. Educational Activities for students ages 10 and 11 - page 3
4 evaluation Students produce a guide for credit users. Task 1 Reflect on the use of credit time required 3 hours task 1 objective teaching material Sociogram Test for Primary Students (Ages 8 11) On desjardins.com At the end of this task, students will be able to explain how they feel about the use of credit and incurring debt. teacher s notes Each team uses a blank sheet of paper folded in half. To avoid redundancy in student texts, suggest several themes such as guidelines to follow, conditions for using credit, interest rates, warnings, debt, etc. The guides produced by the teams can then be compiled in 1 booklet and the class can vote to decide what company name appears on its cover. Instructions 1. Form teams of 4 students. 2. Ask each team to prepare some brief guidelines for people who use credit. 3. Ask the students to make up a name for an imaginary lending institution and write it on the first page of their guidelines. 4. On the inside right-hand page, the students should write common sense guidelines to follow when using credit. 5. Each team then presents its guide to the rest of the class. Educational Activities for students ages 10 and 11 - page 4
5 Name: Date: PAYMENT METHODS BEST PRACTICES GUIDE Pros and cons of various payment methods PAYMENT METHOD Cash PROS CONS Debit card Credit card DEBIT CREDIT NOVEMBER 2013
6 CREDIT CREDIT CARDS Credit cards are serious business! You must be at least 18 years old to get a credit card. Credit card holders are required to comply with certain rules when using their card. For example, they agree to pay the card balance according to their card issuer agreement. How do credit cards work? 1- If you pay the card balance in full by the monthly due date, you will not be charged any interest. 2- If the total amount due is not paid by the due date, interest will be added to the balance, which means purchases made using the card will end up being more expensive. a. Interest charges are assessed from the purchase date until all purchases have been paid off. b. A minimum payment is required. This is the minimum amount you must pay. If you do not make the minimum payment, it may harm your credit score. The minimum payment varies depending on the card issuer, but it is usually a set amount (e.g., $10) or a percentage of the unpaid balance, whichever is greater. If you only pay the minimum payment due, interest continues to accrue. Here s an example: Cindy has an unpaid balance of $2,000 on her credit card and the applicable interest rate is 18%. The minimum payment due is $10 or 2% of the balance, whichever is greater. Cindy s initial minimum payment would be $40 (2% of $2,000). If Cindy paid only the minimum payment due of $40, it would take her 30 years and 10 months to pay off her balance AND she would pay $4, in interest. If Cindy increased her monthly payments to $100, it would take her 2 years to pay off her balance and she would pay $ in interest. This example shows how much it really costs you when you only pay the minimum monthly payment. If you pay more each month even just a little more it will take significantly less time to pay off your entire credit card balance. credit card NOTE: This example was taken from: paiementoptions/droitrespcc/droitrespcc-3-fra.asp NOVEMBER 2013
7 Sociogram test Elementary level group (age8-11) What is a sociogram? A sociogram 1 is a tool with which you can form work teams using students views of each other: the most popular student, the one who works hardest, the one who pays the least attention, etc. It s simple: students answer questions anonymously, and you enter the answers on the table provided. You can then create sufficiently diverse teams using all the different types of students. The differences between them will enhance the dynamic of team projects. STEPS 1. Give the students copies of the following answer sheet. 2. Read the instructions to the students. Write the first name of 2 friends who are most like what I ask you. Just circle the first 2 names that come to your head without thinking for a long time. You can write the same name twice. Your answers will be a secret between you and me. 1. Which friends are very popular and have lots of friends? 2. Which friends always have fun at school and don t work very hard? 3. Which friends always have good ideas and come up with great projects for the class? 4. Which friends don t play much with others or just watch them play? 5. Which friends seem to understand everything quickly and find everything easy? 6. Which friends always want to help others and make all the other kids happy? 7. Which friends don t follow the rules of games and the school? 8. Which friends are calm and quiet and nobody seems to know well? 9. Which friends argue and get angry a lot? 10. Which friends always find fun activities? 3. Collect the answers. Collect the students papers and use the table on the last page to compile the answers. To make this task easier, write the names of all the children in the class in the left hand column, then mark off in the other column the number of times each of these names came up. This distribution will help you see who has a higher social status and who is seen as having a lower social status. 2 When you create teams, include students from each of the categories (higher social status and lower social status) in a balanced manner. 1. Adaptation of Classroom Group Behavior: Group Dynamics in Education, by Mary Bany and Lois Johnson, Macmillan, Youngsters with lower status have academic or social difficulties or demonstrate negative leadership. Higher status is generally assigned to children who demonstrate positive leadership and are strong academically, popular and socially adept (Peery, 1979).
8 Sociogram test answer sheet Name: Date: Listen to your teacher s instructions before starting! Name 2 friends: 1. who are very popular and have lots of friends 6. who always want to help others and make all the other kids happy 2. who always have fun at school and don t work very hard 7. who don t follow the rules of games and the school 3. who always have good ideas and come up with great projects for the class 8. who are calm and quiet and nobody seems to know well 4. who don t play much with others or just watch them play 9. who argue and get angry a lot 5. who seem to understand everything quickly and find everything easy 10. who always find fun activities
9 Creating heterogeneous groups Elementary level group (age8-11) Class: Date: Name Popular/ Sociable Higher status Talented/ Creative Lower status Non-academic/ Negative/ Solitary Belligerent No. 1 No. 6 No. 3 No. 5 No. 10 No. 2 No. 7 No. 9 No. 4 No. 8
10 Names: Date: CREDIT LESSONS LEARNED LESSONS LEARNED FROM SYLVIA S STORY What did you learn from Sylvia s experience? (Share at least 3 insights.) NOVEMBER 2013
understanding various means of payment
Educational Activities for students ages 10 and 11 understanding various means of payment level: elementary school age group: Students ages 10 and 11 activity Summary Students will learn the pros and cons
More informationCash and Credit EPISODE # 109
Cash and Credit EPISODE # 109 LESSON LEVEL Grades 4-6 KEY TOPICS Entrepreneurship Cash/Currency Credit cards Debit cards LEARNING OBJECTIVES 1. Become familiar with different methods of paying for purchases.
More informationUsing Your Credit - Crazy or Compelling? EPISODE # 115
Using Your Credit - Crazy or Compelling? EPISODE # 115 LESSON LEVEL Grades 4-6 KEY TOPICS Entrepreneurship Credit Interest LEARNING OBJECTIVES 1. Learn about borrowing money. 2. Understand your credit
More informationLesson 2: Savings and Financial Institution Knowledge Making the Most of Your Money
Lesson 2: Savings and Financial Institution Knowledge Making the Most of Your Money All the materials and information included in this presentation is provided for educational and illustrative purposes
More informationLESSON 7 -- CREDIT REPORTS AND CREDIT SCORES
LESSON 7 -- CREDIT REPORTS AND CREDIT SCORES LESSON DESCRIPTION AND BACKGROUND Using the Better Money Habits video What s the Difference Between a Credit Report and a Credit Score? (www.bettermoneyhabits.com),
More information03.04. Overview. Goal. Time Frame. We become what we behold. We shape our tools and then our tools shape us. Marshall McLuhan
Section 03 Unit 04 Banking Services Credit Cards 03.04. We become what we behold. We shape our tools and then our tools shape us. Marshall McLuhan Overview A credit card can be a useful financial tool.
More informationJump$tart Washington Curriculum Unit Three Chapter Eleven: Cash and Credit
Jump$tart Washington Curriculum Unit Three Chapter Eleven: Cash and Credit Chapter Learning Objectives 1. Become familiar with different methods of paying for purchases. 2. Identify advantages and risks
More informationThe Concept of Credit
The Concept of Credit { http://youth.macu.com } Mountain America Credit Union knows that it s never too early to start learning critical money management skills. That s why we ve put this information together
More informationWhat is a Bank? Episode # 508
What is a Bank? Episode # 508 LESSON LEVEL Grades 6-8 Key topics Banking Credit & Debt Saving & Investing Entrepreneurs & Stories Ballroom dancers Polina & Nathan City Slips Katie & Susie Night Terrors
More informationKeeping Score: Why Credit Matters
Keeping Score: Why Credit Matters LESSON 6: TEACHERS GUIDE In the middle of a championship football game, keeping score is the norm. But when it comes to life, many young adults don t realize how important
More informationTeacher Resource Guide
Teacher Resource Guide EverFi - Financial Literacy EverFi - Financial Literacy teaches, assesses and certifies students in critical financial concepts through the latest online, interactive curriculum
More informationLESSON 5 -- DEBIT CARDS VS CREDIT CARDS
LESSON 5 -- DEBIT CARDS VS CREDIT CARDS LESSON DESCRIPTION AND BACKGROUND Using the Better Money Habits video Credit and Debit: Two Very Different s (www.bettermoneyhabits.com), this lesson is designed
More informationHow To Get EXACTLY What You Need Financially To Go To College. Educator Lesson Plans
How To Get EXACTLY What You Need Financially To Go To College Educator Lesson Plans These two lessons enable educators to quickly teach students basic skills for seeking financial aid. The lessons encourage
More informationBIZ KID$ Program 115: Credit (The Good, the Bad, and the Ugly)
BIZ KID$ Program 115: (The Good, the Bad, and the Ugly) Introduction Explain that Biz Kid$ is a program to help people become financially educated, learn work-readiness skills, and to even become entrepreneurs
More informationONE HEN ACADEMY EDUCATOR GUIDE
ONE HEN ACADEMY EDUCATOR GUIDE 2013 One Hen, Inc. 3 OHA Module 3: Loans, Interest, & Borrowing Money This OHA Module introduces students to the common financial concepts of loans, loan interest, and the
More informationTeacher's Guide. Lesson Eight. Credit Cards 04/09
Teacher's Guide $ Lesson Eight Credit Cards 04/09 credit cards websites Before students use credit cards, it's important that they familiarize themselves with: the advantages and disadvantages of credit
More informationCredit Card Activity
Credit Card Activity Introduction: Students will use what they have already learned to create a spreadsheet for the monthly expenses of a credit card. Most students are not very familiar with how a credit
More informationRevolving credit: A consumer line of credit that can be used up to a certain limit or paid down at any time.
TEACHER GUIDE 8.1 CREDIT CARDS AND ONLINE SHOPPING PAGE 1 Standard 8: The student will describe and explain interest, credit cards, and online commerce. Credit Cards: More Than Plastic Priority Academic
More informationLesson 13 Take Control of Debt: Become a Savvy Borrower
Lesson 13 Take Control of Debt: Become a Savvy Borrower Lesson Description After reviewing the difference between term loans and revolving credit, students analyze a fictitious character s use of credit
More informationProgram 109: Cash and Credit
BIZ KID$ Program 109: Cash and Credit Introduction Explain that Biz Kid$ is a program to help people become financially educated, learn work-readiness skills, and to even become entrepreneurs or Biz Kids!!!
More informationSpending Money. Grade Four. Overview. Lesson Objectives. Materials List. Large-Group Activity. Materials. Content Standards
Grade Four Spending Money Overview Students share one chapter from Henry and Beezus, by Beverly Cleary, to learn about exchange, market, price, and spending. They complete a worksheet on checking accounts
More informationLesson 12 Take Control of Debt: Not All Loans Are the Same
Lesson 12 Take Control of Debt: Not All Loans Are the Same Lesson Description This lesson examines the features of a loan with a fixed period of repayment (term loan). After distinguishing these loans
More informationCHECKING ACCOUNTS and ATM TRANSACTIONS
Grades 6-8 Lesson 1 CHECKING ACCOUNTS and ATM TRANSACTIONS Key concepts: Checking accounts, ATMs, debit cards, credit cards, bank fees and regulation, safeguarding personal information Summary: This lesson
More informationUsing Credit to Your Advantage.
Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make
More informationBah-Da, Dah-Dot, Da-Da, CHARGE!...But to which card?
Bah-Da, Dah-Dot, Da-Da, CHARGE!...But to which card? By Brian Hoover Federal Reserve Bank of Atlanta Lesson Plan Contest 2007 Second Place LESSON DESCRIPTION In this lesson students learn 1) About the
More informationJump$tart Washington Curriculum Unit Two Chapter Eight: How Credit Affects Your Life
Jump$tart Washington Curriculum Unit Two Chapter Eight: How Credit Affects Your Life Chapter Learning Objectives 1. Understand your credit score and how it can affect your future. 2. Learn advantages and
More informationTeacher Background Looking at statistics one might easily see that the United States is a nation of
Personal Finance Program LESSON 11 Credit Cards Comparing costs and benefits of buying on credit is key to making a good purchase decision. Money Management Standards, Jump$tart Coalition Benchmarks Teacher
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) Skills (Prerequisite standards) National Standards (Supporting standards)
Lesson Description Students will analyze families finances to identify assets and liabilities. They will use this information to calculate the families net worth and learn the benefits of having a positive
More informationLIFE IN PLASTIC ...IT S FANTASTIC? Credit cards, why they re important, and how to use them responsibly. MIND ON MY MONEY MONEY ON MY MIND
LIFE IN PLASTIC...IT S FANTASTIC? Credit cards, why they re important, and how to use them responsibly. MIND ON MY MONEY MONEY ON MY MIND WHAT YOU LL NEED: this packet a few of your friends worksheets
More informationSTUDENT MODULE 8.1 ONLINE SHOPPING AND CREDIT CARDS PAGE 1
STUDENT MODULE 8.1 ONLINE SHOPPING AND CREDIT CARDS PAGE 1 Standard 8: The student will describe and explain interest, credit cards, and online commerce. Credit Cards: More Than Plastic Austin receives
More informationYour Money Matters! Financial Literacy Teacher Guide. Thanks to TD for helping us bring this resource to schools for free.
Your Money Matters! Financial Literacy Teacher Guide 2 Table of Contents: Introduction...3 Toronto Star epaper...4 Financial Awareness Inventory...5 SPENDING To Spend or Not to Spend Activity...6 I Need
More informationPersonal Loans 101: UNDERSTANDING APR
Personal Loans 101: UNDERSTANDING APR In today s world, almost everyone needs access to credit. Whether it is to make a small purchase, pay for an unexpected emergency, repair the car or obtain a mortgage
More informationJump$tart Washington Curriculum Unit 1 Chapter 1 Contents
Jump$tart Washington Curriculum Unit 1 Chapter 1 Contents Jump$tart... 1 UNIT ONE: PLANNING AND MONEY MANAGEMENT... 2 Chapter One: Financial Literacy... 2 Chapter Learning Objectives... 2 Episode 301 Synopsis...
More informationCredit: Pros and Cons
Credit: Pros and Cons Unit: 05 Lesson: 02 Suggested Duration: 4 Days Lesson Synopsis: All economic operations depend on the flow of money and credit through the economy. The focus of this lesson is to
More informationCredit Card Pros and Cons
Program Name Staff Responsible for Lesson Canton City Schools ABLE/ESOL Dodie Jerzyk Date(s) Used Feb. 15-16, 2011 Civics Category Civics Objective Time Frame II Civic Participation 29 Consumer Economics
More informationYou Can Take That to the Bank!
You Can Take That to the Bank! GRADE LEVEL: 9-12 TIME ALLOTMENT: 2 3 45-minute class periods OVERVIEW: Using video segments from the PBS series The Ascent of Money, this lesson teaches high school students
More informationDebt: The Good, The Bad, & The Ugly EPISODE # 402
Debt: The Good, The Bad, & The Ugly EPISODE # 402 LESSON LEVEL Grades 6-8 KEY TOPICS Debt management Budgets Compound interest LEARNING OBJECTIVES 1. Understand different types of debt. 2. Learn how budgets
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) National Standards (Supporting standards) PFL Terms Interest rate
Lesson Description This lesson focuses on the various sources people use for borrowing money or using credit. Some people, especially those who do not know all their options, borrow money from lenders
More informationHow To Understand Credit Rating And Credit Rating
Keeping Score: Why Credit Matters LESSON 1 Keeping Score: Why Credit Matters LESSON 1: TEACHERS GUIDE In the middle of a football grandfinal, keeping score is the norm. But when it comes to life, many
More informationCredit and Debt Management module
Credit and Debt Management module Trainer s introduction Credit and debt probably cause more serious consumer problems than any other topic. It s relatively easy to take on debt, but harder to manage it
More informationThis page intentionally left blank.
This page intentionally left blank. 2 2013 Freddie Mac CreditSmart Instructor s Guide Module 9: Restoring Your Credit This page intentionally left blank. 3 2013 Freddie Mac CreditSmart Instructor s Guide
More informationLINX EDUCATIONAL INSTRUCTOR S GUIDE
EXTRA CREDIT: UNDERSTANDING THE DO S & DON TS OF USING CREDIT TAKING CHARGE OF CREDIT: 10 TIPS TO CREDIT DISCIPLINE Use the following suggestions as guidelines to self-discipline to keep your credit in
More informationUnit Two Support for Starting a Business - You Are Not Alone
Unit Two Support for Starting a Business - You Are Not Alone Contents Unit Overview 3 Learning and Teaching Activities within this Unit 5 Theme 1 What s the Idea? 6 Theme 2 The Entrepreneur s Experience
More informationTake Control of Debt Term Loans
Lesson 12 Take Control of Debt Term Loans Lesson Description This lesson examines the features of a loan with a fixed period of repayment (term loan). Using an interactive definition, students focus on
More informationBorrowing & Saving: Week 1
The Minnesota Literacy Council created this curriculum with funding from the MN Department of Education. We invite you to adapt it for your own classrooms. Intermediate Level (CASAS reading scores of 201-220)
More informationUsing Banking Services
Teacher's Guide $ Lesson Six Using Banking Services 04/09 using banking services websites websites for banking services The internet is probably the most extensive and dynamic source of information in
More informationYOUR FINANCIAL ROAD MAP: WHERE DO YOU WANT TO GO?
YOUR FINANCIAL ROAD MAP: WHERE DO YOU WANT TO GO? DAY: 9 TITLE: YOUR FINANCIAL ROAD MAP Credit: New Rules, Scores & Debt TARGET COMPETENCY: Select strategies to use in handling credit and managing debt
More informationCash or Credit? LESSON LESSON DESCRIPTION AND BACKGROUND TIME REQUIRED MATERIALS ECONOMIC AND PERSONAL FINANCE CONCEPTS ADDITIONAL RESOURCES
LESSON Cash or Credit? LESSON DESCRIPTION AND BACKGROUND Most students are aware of the variety of payment options available to consumers. Cash, checks, debit cards, and credit cards are often used by
More informationPLANNING A BUDGET. Income, needs vs. wants, budgets, simple interest, savings accounts, paying yourself first
Grades 6-8 Lesson 3 PLANNING A BUDGET Key concepts: Income, needs vs. wants, budgets, simple interest, savings accounts, paying yourself first Summary: This lesson reviews trade-offs and priorities in
More informationMy Credit Report Card
Lesson 1: My Credit Report Card Lesson Overview: This lesson will provide students with an overview of elements that are included in their credit report. Students will examine how various behaviors affect
More informationUsing Credit to Your Advantage Credit Cards and Loans Participant Guide
Hands on Banking Using Credit to Your Advantage The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the program anytime at www.handsonbanking.org & www.elfuturoentusmanos.org
More informationlesson eight credit cards overheads
lesson eight credit cards overheads shopping for a credit card costs: Annual Percentage Rate (APR) or Finance (Interest) Charges Grace period Annual fees Transaction fees Balancing computation method for
More informationYour Best Interest: Finding the Right Place to Save Money
Chapter 1 Your Best Interest: Finding the Right Place to Save Money The Bottom Line What is the effect on your future savings when you change values such as principal, interest rate, and time in simple
More informationLoan Lessons. The Low-Down on Loans, Interest and Keeping Your Head Above Water. Course Objectives Learn About:
usbank.com/student financialgenius.usbank.com Course Objectives Learn About: Different Types of Loans How to Qualify for a Loan Different Types of Interest Loan Lessons The Low-Down on Loans, Interest
More informationSaving and Investing
Teacher's Guide $ Lesson Three Saving and Investing 07/13 saving and investing websites websites for saving and investing The internet is probably the most extensive and dynamic source of information in
More informationThis page intentionally left blank.
This page intentionally left blank. CreditSmart Module 6: Understanding Credit Scoring Table of Contents Welcome to Freddie Mac s CreditSmart Initiative... 4 Program Structure... 4 Using the Instructor
More informationGetting the most from your Westpac Flexi Loan. Our most flexible personal loan. Corporate and Purchasing Cards Conditions of Use
Getting the most from your Westpac Flexi Loan. Our most flexible personal loan. 1 Contents Welcome to your Westpac Flexi Loan 3 A range of repayment options 8 How Flexi Loan works 10 Frequently Asked Questions
More informationWhat to Do With a Windfall Episode # 511
What to Do With a Windfall Episode # 511 LESSON LEVEL Grades 6-8 Key topics Decision Making Investing Personal Financial Plan Entrepreneurs & Stories LA Sparks WNBA Basketball Candace Layla West Dance
More informationHow to Prepare a Cash Flow Statement
How to Prepare a Cash Flow Statement Peoples Bank Business Resource Center Business Builder 4 peoplesbancorp.com 800.374.6123 Table of Contents What to Expect... 4 What You Should Know Before Getting
More informationIntroduction to Savings and Checking Accounts
Introduction to Savings and Checking Accounts LESSON PREPARATION AND TEACHER INFORMATION Lesson Summary: This lesson is intended for elementary students during a forty minute time period. The lesson teaches
More informationLESSON 7 Don t Be A Square by Michael Torres
CONCEPT AREA GRADE LEVEL Measurement 5-6 TIME ALLOTMENT Two 60-minute sessions LESSON OVERVIEW LESSON ACTIVITIES OVERVIEW LEARNING OBJECTIVES STANDARDS (TEKS) Students will learn the relationship between
More informationCredit $marts: Helping You Become Credit $avvy
Credit $marts: Helping You Become Credit $avvy 1 Updated: April 2015 Teaching Guide* This guide provides you with information about implementing the Credit $marts materials into lessons for your students.
More informationCredit cards Personal loans Credit lines Leasing What you should know before entering into an agreement
Credit cards Personal loans Credit lines Leasing What you should know before entering into an agreement Pre-agreement information on personal financing products for private clients Taking out a loan is
More informationLoan Lessons. The Low-Down on Loans, Interest and Keeping Your Head Above Water. Course Objectives Learn About:
Loan Lessons Course Objectives Learn About: Different Types of Loans How to Qualify for a Loan Different Types of Interest The Low-Down on Loans, Interest and Keeping Your Head Above Water usbank.com/financialeducation
More informationCollege GP$: Goals, Problems, and $olutions
Course/Grade(s) Personal Finance/912 Module: My Financial Plan For Education Lesson Title: Does Debt Make Sense? Duration: 2 45 minute classes Materials/Resources/Technology: Student Activity Sheet B3A
More informationLesson 9 Take Control of Debt: Using Credit Wisely
Lesson 9 Take Control of Debt: Use Credit Wisely Lesson Description In this lesson, students review the balance sheet (Lesson 1) and the budget worksheet (Lesson 2) and consider ways to use these two documents
More informationThe World is a Risky Place EPISODE # 207
The World is a Risky Place EPISODE # 207 LESSON LEVEL Grades 9-12 KEY TOPICS Entrepreneurship Risk management Insurance LEARNING OBJECTIVES 1. Become aware of risks in life and business. 2. Learn ways
More informationWelcome to Marketeach! Here is the sample lesson plan that you requested be sent to you. The next page is a summary of the entire set of lesson plans.
Dear Educator, Welcome to! Here is the sample lesson plan that you requested be sent to you. The next page is a summary of the entire set of lesson plans. We at created this program to allow teachers to
More informationLESSON 1 -- GETTING OUT OF DEBT
LESSON 1 -- GETTING OUT OF DEBT LESSON DESCRIPTION AND BACKGROUND This lesson uses the Better Money Habits video Steps to Help You Get Out of Debt (www.bettermoneyhabits.com) to explain the concept of
More informationCredit and borrowing. In this chapter. syllabusreference. Financial mathematics 4 Credit and borrowing
Credit and borrowing syllabusreference Financial mathematics 4 Credit and borrowing In this chapter A B C D E Flat rate interest Home loans The cost of a loan Credit cards Loan repayments reyou READY?
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) National Standards (Supporting standards)
Lesson Description The students will share their base knowledge of payment options through a sorting activity. Students will brainstorm with groups to discuss the differences between debit and credit cards.
More informationCredit Card. Application. Money Smarts for Kids. Money Skills for Life. Member FDIC. What to Know About Credit Cards. Completing a Credit Application
Credit Card Application What to Know About Credit Cards What do I need to know about applying for credit? A credit card is used to charge things, like a meal in a restaurant, clothes for school or on-line
More informationChapter Four: Saving and Investing
Chapter Four: Saving and Investing Chapter Learning Objectives 1. Compare advantages and disadvantages of saving early versus saving later. 2. Explain the importance of short-term and long-term saving
More informationLesson Description. Concepts. Objectives. Content Standards. Cards, Cars and Currency Lesson 3: Banking on Debit Cards
Lesson Description After discussing basic information about debit cards, students work in pairs to balance a bank account statement and calculate the costs of using a debit card irresponsibly. The students
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards)
Lesson Description Students will learn how financial institutions are able to pay savers interest while understanding the difference between interest earned and interest paid. Students will participate
More information(a) You put 742.36 + 451.24 = $1193.60 on the card but only $742.36 appears on the bill. What happened to the $451.24? Notice the statement date is
Credit Cards Credit cards often charge very high interest rates, and extra fees and penalties occur when the outstanding balance is not paid off in full. On the other hand, when used responsibly, credit
More informationAre you in debt? Do you need to sell your house fast? Then Read on to find out How To Get Out Of Debt Now!
Are you in debt? Do you need to sell your house fast? Then Read on to find out How To Get Out Of Debt Now! When you miss mortgage payments you can find yourself in deep trouble. The mortgage lender could
More informationTeacher's Guide. Lesson Three. Credit Cards 07/13
Teacher's Guide $ Lesson Three Credit Cards 07/13 credit cards websites Before students use credit cards, it's important that they familiarise themselves with: the advantages and disadvantages of credit
More informationIntroduction 4. What is Refinancing? 5. Changing Home Loans 5 Changing Needs 6 Identifying Better Opportunities 6 Additional Home Loan Features 6
Contents Introduction 4 What is Refinancing? 5 Changing Home Loans 5 Changing Needs 6 Identifying Better Opportunities 6 Additional Home Loan Features 6 What are the Advantages of Refinancing? 7 1. Consolidating
More informationAdults Version. Instructor guide. 2003, 2012 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. ECG-714394
Adults Version Instructor guide 2003, 2012 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. ECG-714394 Welcome to Wells Fargo s Hands on Banking program! This fun, interactive, and engaging financial
More informationMath 8.1: Mathematical Process Standards
Lesson Description Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards) National Standards (Supporting standards) CEE Council for Economic
More informationGET CREDITWISE SM SM
GET CREDITWISE SM SM Table Of Contents October, 2006 Credit Matters 1 An introduction Establishing Credit 3 Begin building a solid financial base Using Credit Wisely 5 Narrowing your options Monitoring
More informationSaffron Building Society Mortgages Savings Investments Insurance Loans. Residential mortgage conditions. www.saffronbs.co.
Saffron Building Society Mortgages Savings Investments Insurance Loans Residential mortgage conditions www.saffronbs.co.uk 0800 072 1100 Saffron Building Society Residential Mortgage Conditions (England
More informationHow To Buy Stock On Margin
LESSON 8 BUYING ON MARGIN AND SELLING SHORT ACTIVITY 8.1 A MARGINAL PLAY Stockbroker Luke, Katie, and Jeremy are sitting around a desk near a sign labeled Brokerage Office. The Moderator is standing in
More informationUsing games to support. Win-Win Math Games. by Marilyn Burns
4 Win-Win Math Games by Marilyn Burns photos: bob adler Games can motivate students, capture their interest, and are a great way to get in that paperand-pencil practice. Using games to support students
More informationTake Charge of Credit Cards Note Taking Guide
2.4.1.L1 Note taking guide Take Charge of Credit Cards Note Taking Guide Total Points Earned Total Points Possible Percentage What is credit? A credit card is a form of credit! What is interest? What is
More informationHow To Understand The Benefits Of Credit Cards
Personal Finance Program TOPIC 4 CREDIT CARDS Credit Cards LESSON 11 Comparing costs and benefits of buying on credit is key to making a good purchase decision. Spending and Credit Standards, Jump$tart
More informationFinancial Institutions - All the Same? EPISODE # 204
Financial Institutions - All the Same? EPISODE # 204 LESSON LEVEL Grades 9-12 KEY TOPICS Entrepreneurship Financial institutions Financial markets Financial accounts LEARNING OBJECTIVES 1. Distinguish
More informationHow to Understand your Student Loans
How to Understand your Student Loans How do my student loans work? (edited from Bill Pratt s Extra Credit: The 7 Things Every College Student Needs to Know about Credit, Debt, & Ca$h) 1. Borrow all federal
More informationLESSON 10 CONSUMER CREDIT: BUY NOW, PAY LATER, AND MORE
LESSON 10 CONSUMER CREDIT: BUY NOW, PAY LATER, AND MORE INTRODUCTION The word credit comes from the Latin word creditus meaning entrusted. Credit means that someone will lend you money and give you time
More informationSECTION I: Multiple Choice. It is Monday afternoon, May 2, and you will be taking the AP Psychology Exam.
AP Psychology Exam Regularly Scheduled Exam Date: Monday afternoon, May 2, 201 Late-Testing Exam Date: Friday morning, May 20, 201 Section I Total Time: 1 hr. 10 min. Section II Total Time: 50 min. Section
More informationAmortized Loan Example
Amortized Loan Example Chris Columbus bought a house for $293,000. He put 20% down and obtained a 3 simple interest amortized loan for the balance at 5 % annually interest for 30 8 years. a. Find the amount
More informationInterest Rates: Credit Cards and Annuities. Interest Rates: Credit Cards and Annuities 1/24
Interest Rates: Credit Cards and Annuities Interest Rates: Credit Cards and Annuities 1/24 Last Time Last time we discussed loans and saw how big an effect interest rates were on a loan, especially a home
More informationHow to Make a Million Bucks! EPISODE # 406
How to Make a Million Bucks! EPISODE # 406 LESSON LEVEL Grades 6-8 KEY TOPICS Compound interest Money management Saving LEARNING OBJECTIVES 1. Learn how compound interest works. 2. Recognize the importance
More informationUsing Credit Wisely LESSON 14: TEACHERS GUIDE
Using Credit Wisely LESSON 14: TEACHERS GUIDE As teens prepare to enter the financial world, there are many elements for them to consider when it comes to credit. Whether they are off to college in a few
More informationhow to prepare a cash flow statement
business builder 4 how to prepare a cash flow statement zions business resource center zions business resource center 2 how to prepare a cash flow statement A cash flow statement is important to your business
More informationTeachInG UnIT. Grade Level: Grade 6 Recommended Curriculum Area: Mathematics Other Relevant Curriculum Area(s): Language Arts
BUILDING FUTURES IN ONTARIO TeachInG UnIT General Topic: Budgeting, Planning, and Goal-Setting Unit Title: Importance of Planning Grade Level: Grade 6 Recommended Curriculum Area: Mathematics Other Relevant
More informationShopping Savvy. 2 days. What should shoppers know before they spend their hard earned money? Materials. Overview
B L A C K F R I D A Y L E S S O N Shopping Savvy L E S S O N 2 days What should shoppers know before they spend their hard earned money? Overview Students work in small groups to prepare for a news conference
More information1. According to the conversation, which item did the woman NOT purchase with her credit card? A. a digital camera B. a TV C.
Unit 5. Financial Education for the Younger Generation Part A. Listening (Total: 25 marks) Section 1. (5 marks) Take 1 minute to read the following questions. Listen to the recording. Mark down useful
More informationIncome, Expenses and Budget module
Income, Expenses and Budget module Trainer s introduction The skills to control your personal income, expenses and budget are the most basic tools that people need in their financial toolkit. But many
More information