Interest Calculations

EQ - How do we calculate our earning from interest?

1. Activator - McDonald's Matt Story
1. Overdraft
2. Insufficient funds
3. Overdraft protection
2. Interest Calculations
1. Simple
2. Compound
3. Try It
1. Discussion Question - Why are the results different?
2. How would you determine your rate of return?
4. Practice Problems
5. TOD - Muddy Points

Intro to Savings Tools

EQ - How would you choose the best savings tool to help meet your financial goals?

1. Activator - Pre-Test
2. Discussion Question - How do you know which bank is right for you?
3. Shared Inquiry - Did You Know
1. Identify unknown words
2. Identify questions you have
3. Discussion 
4. Post-Test
5. Activator - List what you know about savings tools
6. Graphic Organizer
7. Savings Tools PowerPoint
1. Savings Tools PowerPoint (PPT)
2. Savings Tools PowerPoint (pdf)
1. Intro to Savings Tools
2. 4 Types of Savings Tools
3. Review of Liquidity
4. Characteristics of Savings Tools
8. AP - Collaborative Pairs
1. Create an Infographic that includes details on each of the 4 savings tools
1. Name of savings tools
2. Characteristics of each savings tool
3. Liquidity and Interest Rate expectations
9. TOD - Muddy Points

*Intro to Check Register*

Intro to Depository Institutions

EQ - How can bank accounts benefit me?

1. Activator – How does the banking system work
1.  Draw and label a picture of how you believe the banking system works
2. Chalk Talk – How banks work
3. AP – Update your picture and summarize how banks work on the back of your paper
4. Activator – Money Matters (YouTube music video)
1. Active Reading TPS - I'm the Biggest Boss (of my money)
2.  Discussion Question - Why is it important to open a bank account?
5. AP – Reading Response Questionnaire
1. What are savings and checking accounts, and how do they differ?
2. How can opening a bank account help you learn to budget? Why is this important, especially if you use a debit card?
6. Discussion Question - How do you know which bank is right for you?
7. Shared Inquiry - Did You Know
1. Identify unknown words
2. Identify questions you have
3. Discussion 
8. AP - Top 3 - Identify and Rank
1.  Students partner up to list as many reasons as they can to explain why bank accounts are important.
2. Groups will list reasons on the board and then explain why they believe their group has the best reasons.
3. TOD - Students will individually rank their top 3 reasons that teens should learn about banks and bank accounts?

Homework - Complete the Note Taking Guide and be prepared to use the information tomorrow in class.  Intro to Depository Institutions PPT - CLICK HERE FOR THE PPT