Banking Unit
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- INTERACTIVE: Living Paycheck to Paycheck
Unit 2: Unit Plan & Assessments
Unit assessment, checking and savings accounts.
Students will be able to
- Explain what a checking account is used for
- Understand the variety of ways they can deposit and withdraw funds from their checking account
- Explain the difference between a checking and savings account
- Understand what the various components of a bank statement mean to interpret where their money goes
- Compare different savings vehicles such as a savings account, CD, and money market account
Beware of Banking Fees
- Identify common checking and saving account fees and how to avoid them
- Explain how overdraft protection works and the impact of overdraft fees
- Compare overdraft policies at major US banks
Strategies to Save
- Identify various rules of thumb and strategies to save money
- Brainstorm short, medium and long-term savings goals
- Explain what an emergency fund is for and how much to save up
Online and Mobile Banking
- List the advantages of online and mobile banking versus traditional banking
- Explain what online bill pay is and how recurring payments work
- Enumerate the benefits of direct deposit for their paychecks
- Explain how to bank safely online
- Explore the pros and cons of a cashless society
Checking Accounts
- Explain the pros and cons of opening a checking account at a credit union
- Understand the purpose of FDIC insurance
Savings Accounts
- Identify important criteria to consider when selecting a savings account
Being Unbanked
- Explain who is typically unbanked and the reasons that they are unbanked
- Compare payroll and prepaid cards to debit and credit cards
- Detail the consequences of being unbanked
- Explore banking status in regions across the U.S.
Challenges to Saving
- Identify everyday obstacles Americans experience when trying to save money
- Recognize the impact of inflation on savings
- Experience simulated challenges of living paycheck to paycheck
Digital Wallets & P2P Apps
Students will be able to:
- List the pros and cons of digital wallets
- Explain what a P2P payment is
- Set up a P2P account of their choice
- Compare and contrast various peer to peer payment apps
Intro to Banking
Students will be able to:
- Identify the services that banks offer
- Explain how banks make money
- Describe the differences between online and physical banks
Classic Checking Skills
- Complete each step to write a check
- Utilize routing and account numbers to issue an e-check
- Endorse and deposit a check
- Understand the process of issuing a stop payment on a check
- Keep a check register and reconcile their accounts
- ANALYZE: Overdraft Fees
- CALCULATE: Reconcile Your Checkbook
- COMPARE: Select a Checking Account
- COMPARE: Select a Savings Account
- COMPARE: Types of Savings Accounts
- CREATE: Bank Ads
- CREATE: Your Savings Goals
- FINE PRINT: Checking Account Agreement
- FINE PRINT: Checking Account Statement
- INTERACTIVE: Online Bank Simulator
- INTERACTIVE: What’s the Banking Status in Your Area?
- INVESTIGATE: Mystery of the $8 Million Janitor
- MOVE: Using the Rule of 72
- MOVE: Your Account Balance
- PLAY: It Costs HOW Much?
- PLAY: Payment Decisions
- PROJECT: Use a PSA to Inspire Saving
- RESEARCH: Person-to-Person Payments
CASE STUDIES
- CASE STUDY: Bank on This
- CASE STUDY: Car, Home, Retirement: What's My Plan?
- CASE STUDY: Check Yourself Before You Wreck Yourself
- CASE STUDY: Save Me!
FINCAP FRIDAYS
- Sinking for Savings
- Credit Unions Handle an Overdraft Scandal
- Payment Apps & Protection Gaps
- Banks Decline at Record Highs
- More Ways to Save
- Interest on Savings Goes Up and Down
- Apple Makes Bank
- A Bank Run is No Fun
- Competition Drives Change
- Fraud Attacks on Payment Apps
- Prices on the Rise
- It's Saving Season
- Stacking Unused Gift Cards
- Get S.M.A.R.T.
- The Money Talk
- Pay The Price
- Early Payday
- The $10 Million Deposit
- The $1 Billion Merger
- Banned From Banks
- Pay Day But No Paycheck
- Bye Bye Banks?
- Disappearing Dollars
QUESTIONS OF THE DAY
- Do consumers send more money on Venmo or spend more money on Amazon?
- How many checks does the average American write each year?
- How many payment transactions does a consumer make in a typical month?
- How much are the average overdraft, maintenance, and out-of-network ATM fees?
- How quickly do you need to report a stolen debit card to get all your money back?
- Rank order these payment types from most to least popular with consumers: cash, debit card and credit card.
- What is the average fee to take money out of a non-network ATM?
- What is the average fee when you overdraw your checking account using your debit card?
- What percent of Americans under 65 years old have $0 saved for retirement?
- What percent of Gen Zers prefer online banks?
- What percent of branch banks offer "free" student checking accounts?
- What percent of teens have opened a bank account?
- What percentage of Americans could not pay a surprise $400 bill with cash/equivalent?
- What was the U.S. personal savings rate in March 2021?
- Which savings strategy is most effective?
DATA CRUNCH + MATH
- DATA CRUNCH: How Do We Pay For Stuff?
- DATA CRUNCH: How Would Americans Cover a $400 Emergency?
- DATA CRUNCH: How do Consumers Use Mobile Banking?
- DATA CRUNCH: What Is the U.S. Savings Rate?
- MATH: Box and Whisker Plots for Banking Fees
- MATH: Compound Interest in Savings Accounts
- MATH: Two Ways to Double Your Savings
Assessments and Answer Keys
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the case study of vanitas chapter 52
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ngpf Last updated: 3/27/ NGPF Case Study Investing Case Study Summary Description: In this Case Study, students will take on the role of a new employee having to select investments for a 401(k) plan. The students will methodically make decisions about how much to invest, how to allocate assets and also select funds to execute their investment ...
Use it this week or bookmark it for later. [The Resource] CASE STUDY: Check Yourself Before You Wreck Yourself. The Gist: In this challenging case study, students play the role of peer financial counselor (as they often do in our cases) as their clients bring compelling reasons why they'd rather use cash checking businesses instead of checking ...
A case study can be used as a comprehensive way to ask students to show what they know without needing to use the traditional end of unit test. ... Your new account will provide you with access to NGPF Assessments and Answer Keys. It may take up to 1 business day for your Teacher Account to be activated; we will notify you once the process is ...
investing. The process of setting money aside to increase wealth over time for long-term financial goals such as retirement. savings. money put aside for future use; growing your money is not the top objective. compound interest. interest earned on both the principal amount and any interest already earned.
Here are the main characteristics of an NGPF Case Study: Puts the student in the center as a decision maker. Involves students taking on a role, such as peer advisor or counselor, which enables them to assess the situation from a different perspective. Tells a realistic story that students will identify with.
The following blog post comes courtesy of Derek D'Angelo, president of the Michigan Council on Economic Education and 2018 NGPF Fellow --- Each spring, teams from all over the country gather in more than 20 states to compete in a Personal Finance Challenge competition. Competition styles vary from state to state, but in Michigan we mirror the format of the national championship held in Nebraska.
An investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, and index funds. Rate Of Return. The profit of an investment. IPO. Initial public offering: the first sale of stock issued by a company to the public. Inflation. A general increase in prices and fall in the purchasing value of money. IRA ...
Complete the table below using the Investment Portfolio pie chart. Estimate the percentage for each of the asset classes using the pie chart as a reference. Type of Asset Savings Account Certifica te of Deposit Index Fund Individual Stocks Governme nt bonds Commodi ty Crops Gold Dollar Amount 236,445 8,202 7,988 0 00 0 0 Percentage 91% 3% 3% 0 ...
The semester-long personal finance course covers all of the essential personal finance topics necessary to become a financially capable student. By the end of this course, students will have a thorough understanding of personal finance topics and be prepared to handle the financial responsibilities that exist after graduation. Grade Level (s):
Identify reasons for investing, including outpacing inflation Analyze how compounding builds wealth over time Experience making a variety of investment decisions through an interactive simulation NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary INTRO PROMPT: Use the space below to answer the prompt. 1.
View Google Doc View Google Form View Answer Key. Checking and Savings Accounts Beware of Banking Fees ... CASE STUDY: Check Yourself Before You Wreck Yourself ... Your new account will provide you with access to NGPF Assessments and Answer Keys. It may take up to 1 business day for your Teacher Account to be activated; we will notify you once ...
18. Page 19. Full Year Course. Answer Key ... 7.0 Investing Case Studies. -. CASE STUDY: Car, Home, Retirement... Study with Quizlet and memorize flashcards containing terms like investing, savings, compound interest and more.... its easy fun and your able to find everything your looking for in this one document. From economics ngpf case study ...
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