Credit Reports

EQ - How are credit reports created?

1. Activator: Check Your Credit Score
2. Intro Credit Report PowerPoint
3. Advanced Organizer
4. Muddy Points Grab Bag
5. Create a Credit Score Song
1. Include the following:
1. What is a good credit score?
2. Why is developing positive credit a good thing?
3. How can good credit be developed?
4. Names of the 3 Major U.S. Credit Bureaus
5. Fair Credit Reporting Act
6. Additional Information?
6. Individual Concept Review

Credit Scores

EQ - How does a credit score impact personal finances?

1. Activator - Welcome Back
2. Quiz Review
3. Recap Questionnaire
4. Bad Credit Hotel Revisited
1. Take notes
2. Race to the finish
3. Debriefing
5. Activator - Check Your Credit Score
6. Boo Wikipedia - But it just might work here
1. Read the Introduction
2. Read the United States Section
7. Google Docs
1. Summary
2. Analysis
8. TOD - What have I learned regarding credit scores?

Formative Assessment

EQ - How can credit impact my finances?

1. Quick Review
2. Formative Assessment
3. Bad Credit Hotel

Bad Credit Hotel

EQ - How can credit impact my personal finances?

1. Activator: Bad Credit Hotel
2. Intro Credit Scores
3. Credit Reports
4. TOD - How can a high credit score impact your future? A low credit score?

Credit Card Statements

EQ - How can credit impact personal finances?

1. Activator: Hot Seat Questionnaire
2. Breakdown of a Credit Card Statement
3. Team Activity - Reading a credit card statement
1. Create a credit card statement on a piece of paper
2. Create a 10 question quiz for another group
3. Create an answer key
4. Stump your classmates
5. TOD - What are some areas regarding credit that seem a little fuzzy and need more clarity?

Credit Card Offers

EQ - How does credit impact my personal finances?

1. Activator: Post-It Note Review
2. Breaking Down A Credit Card Offer
3. Online Search
1. Find a Credit Card offer online
2. Use your advanced organizer to find key information
3. Prepare to share your findings to the class

Credit Card Offers

EQ - How does credit impact my personal finances?

1. Activator: Team Quiz Yesterday's material
2. Muddy Points Clarity
3. Breaking Down A Credit Card Offer
4. Summarizing Activity - Credit Card Chaos

A Deeper View of Credit

EQ - How can credit impact my personal finances?

1. Activator: Credit Horror Stories
1. Read the Article
2. Summarize your reading
3. Provide your opinion
2.  PPT - A Deeper View of Credit
1.  Credit
2. How Credit Works
3. Forms of Credit
4. Interest
5. Minimum Payments
6. Advantages and Disadvantages of Credit
3. Table Teams - Compile a list of topics learned today and summarize the key learning

Defining Credit

EQ - How does credit impact personal finance?

1. Activator: Credit Simulation
2. TPS Quiz - Vocabulary Review
3. KWL - What do you know about credit?
4. Defining Credit
1. History of Credit
2. The Dilemma
5. A review of the Compounding Interest Equation
6. APY and APR
7. TOD - What have you learned so far about credit?

Intro to Credit

EQ - How does credit affect my personal finances?

1. Activator:
2. Intro to Credit PPT
3. Advanced Organizer
4. TOD - Today I learned _______ and _______. The most important thing I learned today is ____.
   

What is credit?

Banking Unit Assessment

EQ - How does an understanding of depository institutional savings tools assist us in achieving our financial SMART goals?

1. Q & A
2. Unit Assessment
3. Reading Assignment
• Read the Article - CLICK HERE
• Compose 2 paragraphs regarding the article
1. Summarize your Reading
2. Tell us your thoughts about what happened

Checking Account Review

EQ - How are the types of checking accounts differentiated?

1. Activator: Quiz
2. Class Review
• Purpose of Checking Accounts
• Deposits v. Withdrawals
• Cancelled Checks & Overdrafts
• Parts of a check (10)
• Rules to Writing Checks
• Deposit Slips
• Writing Checks
• Checkbook Register
• Bank Reconciliation
3. Refresh your quiz

Bank Reconciliation

EQ - How are bank account reconciliation statements completed?

1. Activator: Team Quiz
2. Finalize Checking and Debit Card Simulation
3. Introduction to Bank Reconciliation
4. Complete a Bank Reconciliation

Bank Reconciliation Process

Checking Account & Debit Card Simulation

Please prepare your homework for the beginning of class.  Following a homework check and a review of the correct calculations, we will have a short 5 point quiz to assess your understanding of the Compound Interest Formula.


EQ - How are checking account managed?

1. Activator: The story of the $40 hamburger
2. PowerPoint - Learning Quest
3. Introduction to the Simulation
4. Work Time
5. TOD - Assess what you have learned by completing this simulation.  Include any questions that you may have concerning the management of checking accounts.

Simple Interest VS. Compound Interest

Compound Interest

EQ - How are the formulas for simple and compound interest different?

1. Activator: Hot Seat Vocab Challenge
2. Introduction to the Formulas
3. Lets take a look *Compound Interest Packet - Ex. 1
4. Try It Yourself *Packet pg. 2
5. Partner Check
6. Discussion Question - What would happen if interest compounds more than once a year?
7. $5000 @ 8%
• Annually
• Semiannually
• Quarterly
• Monthly
• Weekly
• Daily
8. Homework Practice