Checking Accounts

8th - 10th

Have your young adults investigate the correct way to use a checking account. Incorporating algebra, learners calculate the balance of their account and balance their account correctly. They write a check and make "deposits" into their account.

Resource Details

Algebra I
Instructional Designs
Skills Practice

An Introduction to Personal Finance

Students study personal finance and building wealth. In this economics lessons, students use Federal Reserve Bank publications to research answers and to make written recommendations for solutions to problems presented by several callers to a show viewed. Students also increase awareness of budgeting, saving, credit cards and insurance.

Conic Sections

Students explore the different properties of conics. In this algebra lesson, students calculate the midpoint of a line, the distances between two points as they get ready to find the focus and directrix in eclipse and other conics. They use formulas to calculate the midpoint and distance on a coordinate plane.

Banking and Budgeting

Middle schoolers explore personal finance. They investigate spending, saving, and budgeting. Practice writing checks, managing a checking account, and developing a personal saving plan. A great way to bring the real world into the classroom.

Building Trades

Students complete a masonry project. They follow proper procedures to complete multiple masonry projects, follow written and verbal instructions, apply proper masonry techniques, and correctly calculate materials needed.

Data on Chinese US Balance of Payments

Sal references the US Bureau of Economic Analysis to demonstrate discrepancies in US imports and exports with actual documentation. A financial account chart documents the inflow and outflow of asset ownerships, and Sal observes how few Chinese assets America invests in comparison to American assets China invests in. He points out the trade deficit, drawing learners back to previous videos to remind them that this imbalance is what China remedies by investing in US and other foreign assets.

Finance and Accounts 1: Basic Principles

Students distinguish between the terms 'cost' and 'revenue' and examine the concept of 'profit'. They analyze the difference between a profit and loss account and a balance sheet.

Finance: Depreciation (Double Declining)

Of particular interest to a group of business and finance pupils, this lesson explores depreciation of automobile values by comparing the double declining balance to the straight line method. Mostly this is done through a slide presentation and the working of sample problems together as a class. Along the way, they use decimals and percents, and also investigate exponential decay and linear relationships. A pretest, guided practice, individual practice, and posttest handout are all provided.

Money Management Part II: Checking Accounts

Having money is great, learning to manage it wisely is imperative. First, the class has a discussion on the value and convenience of having a checking account. Then, they practice filling out deposit slips, keeping an account register, and writing checks. Tip: Checks aren't used the same way they used to be, it may be a good idea to explain how an account register is used with ATM checking.

Family Finances

Students examine the dynamics of family finances. In groups, they discuss the importance of a budget and create their own given a fictional amount of money. As a class, they listen to a speaker from the bank discussing the importance of saving and opening up a checking account. To end the lesson, they participate in a candy experiment to practice using a budget.

Range and Measures of Central Tendency

Third graders take notes on a PowerPoint presentation featuring calculating and analyzing data. They practice skills highlighted in the presentation and create a table in Microsoft Excel showing data analysis.

Be the first to comment

Join Lesson Planet Community, our free teacher discussion forum, to share ideas about this resource, and more.

Join the Conversation

Featured Testimonial

Tony M.
I have been able to find lessons to help differentiate groups. (quickly)
Tony M., Teacher
Temple Hills, MD