Budgeting Buddies...3 The mint currently has a program called “America the Beautiful” that...

T E A C H E R G U I D E

Budgeting BuddiesCURRICULUM

cardinals.com/budgetingbuddies

WELCOME 1

LESSON 1 Needs v Wants 1A:Needs,1B:Wants 2

ACTIVITY NeedsvWants (ACTIVITY-1B-1) 3

ACTIVITY NeedsvWants (ACTIVITY-1B-2) 4

LESSON 2 Forms of Money – COINS 2A:CoinCreation 5

FUN FACTS FirstUnitedStatesCoin (FUN FACTS-2A-1) 6

FUN FACTS UnitedStatesMintLocations (FUN FACTS-2A-2) 7

ACTIVITY CoinCreation (ACTIVITY-2A) 8

2B:CoinFeatures 9

ACTIVITY CoinFeatures (ACTIVITY-2B-1) 10

FUN FACTS AmericatheBeautifulQuarters (FUN FACTS-2B) 11

ACTIVITY CoinDesign(ACTIVITY-2B-2) 12

2C:CommonCoins,2D:LessCommonCoins 13

FUN FACTS CommonCoins (FUN FACTS-2C) 14

ACTIVITY CommonCoins (ACTIVITY-2C) 15

ACTIVITY LessCommonCoins (ACTIVITY-2D) 16

LESSON 3 Forms of Money – BILLS 3A:HowBillsareMade,3B:TypesofBills 17

ACTIVITY BillCreation (ACTIVITY-3A) 18

FUN FACTS TypesofBills (FUN FACTS-3B) 19

ACTIVITY TheValueofBills (ACTIVITY-3B-1) 20

ACTIVITY MakingChanges (ACTIVITY-3B-2) 21

LESSON 4 Earning Money 4A:HowtoEarnMoney 22

ACTIVITY WaystoEarnMoney (ACTIVITY-4A-1) 23

ACTIVITY EarningMoney (ACTIVITY-4A-2-BEGINNER) 24

ACTIVITY EarningMoney (ACTIVITY-4A-2-ADVANCED) 25

LESSON 5 Saving Money 5A:WaystoSaveMoney 26

ACTIVITY SavingMoney (ACTIVITY-5A) 27

LESSON 6 Budgeting Basics 6A:BudgetingYourMoney 28

ACTIVITY CreatingaBudget (ACTIVITY-6A) 29

LESSON 7 Alternate Forms of Money 7A:Checks 30

FUN FACTS Checks (FUN FACTS-7A) 31

ACTIVITY WritingaCheck (ACTIVITY-7A-1) 32

ACTIVITY UsingaCheckRegistry (ACTIVITY-7A-2) 33

7B:DebitCard,7C:CreditCard,7D:GiftCard 34

FUN FACTS DebitCardsandCreditCards (FUN FACTS-7B AND 7C) 35

ACTIVITY UsingaGiftCard (ACTIVITY-7D) 36

JUST CLICK THE PAGE # TO GO DIRRECTLY TO THAT PAGE

Contents

1

T E A C H E R G U I D E

WelcomeWELCOME TO THE BUDGETING BUDDIES FINANCIAL LITERACY PROGRAM PRESENTED BY SCOTT CREDIT UNION!

Budgeting Buddies was created because it is never too early to learn how to make smart financial decisions!

BudgetingBuddiesunderstandsthatchildrendonothaveafullunderstandingofhowmoneyworksandaimstoteachinafunandengagingwayhowtosave,budgetandprioritizepurchasingdecisions.

BudgetingBuddiesconsistsofsevenlessontopicsthatbuilduponeachother.Withineachtopic,activitysheetsareincorporatedtohelpreinforcelearning.Theactivitysheetswithintheteacherguideincludeanswers,butthereisalsotheopportunitytodownloadandprinttheactivitysheetssotheycanbesharedwithstudents.Activitysheetsmayalsobeprojectedontoascreentoallowstudentstoworkcollectively.

Thecurriculumalsolendsitselftoadaptionsoitcanfitbestwithinaclassroom’sstructure.

PleaseenjoyBudgetingBuddiesandyouareinvitedtosharehowyouutilizedthecurriculumorputyourownuniquespinonitbyemailingbudetingbuddies@cardinals.com.

2

L E S S O N 1

NeedsvWantsStudentswillexaminethedifferencebetweenNEEDSandWANTS.

1A: NEEDS

3 AskSstowritedowntheirdefinitionofaNEED.

Note:Ifstudentsaretooyoungtowritethedefinitiondown,havethemsharetheirdefinitionsoutloud.

3 Discussstudentdefinitionsandsharethefollowingdefinition:

DEFINITION

NEEDS are things that are necessary for you to live.

1B: WANTS

3 AskSstowritedowntheirdefinitionofaWANT.

Note:Ifstudentsaretooyoungtowritethedefinitiondown,havethemsharetheirdefinitionsoutloud.

3 Discussstudentdefinitionsandsharethefollowingdefinition

DEFINITION

WANTS are things you would like to have but you do not need to survive.

ACTIVITY: Needs v Wants (ACTIVITY–1B–1) (ACTIVITY–1B–2)

1. Startbyworkingasaclass:

a. CategorizethefollowingasaNEEDoraWANTandaskSstosharewhyitbelongsintheassignedcategoryandaddtheitemtotheirchart:

1. Nutritiousfood

2. Videogames

3. Clothing

4. Candy

2. PrintoutorhaveSscreatetheirownNEEDSvsWANTSchart.

3. Sswillwrite(ordraw)examplesofWANTSandNEEDSinthepropercolumn.

4. BringclasstogetherandhaveSssharewhattheylistedineachcategorywithanexplanation.

5. Asktheclassiftheyagree/disagreeandsharereasonswhy.

CHALLENGE QUESTION:Whatdoyouneedinordertopurchaseitemsyoulistedasneedsandwants?

3ACTIVITY–1B–1

A C T I V I T Y

NeedsvWants

CHALLENGE QUESTION

What do you need in order to purchase items you listed as needs and wants? Money

WANTS

Things you would like to have but you do not need to survive.

NEEDS

Things that are necessary for you to live.

4ACTIVITY–1B–2

A C T I V I T Y

NeedsvWants

CATEGORIZE THE PICTURES

AS A NEED OR A WANT

eNeed

rWant

tNeed

uWant

NEEDS

WANTS

5

L E S S O N 2

FormsofMoney—COINSStudentswilllearnthehistoryofandhowtoidentifyCOINS.

2A: COIN CREATION

THE FIRST COIN

Coinsareaformofmoneythatpeopleusetopayforwhattheybuy,datingasearlyasthe7thcenturyB.C.

3 Acenturyis100years

3 The7thcenturywas2,700yearsago

3 VisittheBritish History Museumonlinetolearnmoreabouttheoriginsofcoins.

3 ShowSsimagesoffirstcoins

THE FIRST UNITED STATES COIN

In1793,thefirstAmericancoinwascreated.Itwasa:(FUN FACTS–2A–1)

3 Ahalfcentcoin

3 Madeofcopper

3 CreatedatthePhiladelphiaMint

IntheUnitedStates,moneyiscreatedatplacescalledmints.TherearesixmintsacrosstheUnitedStatesandcoinsareonlymadeatthefourofthemints.(FUN FACTS–2A–2)

3 Philadelphia(P)

3 Denver(D)

3 SanFrancisco(S)

3 WestPoint(W)

ThefourUnitedStatesMintscanmakeupto28billioncoinseachyear!

WatchavideofromtheUnitedStatesMintonhowcoinsarecreated.

ACTIVITY: Coin Creation (ACTIVITY–2A)

ACTIVITY–2A

6

F U N F A C T S

FirstUnitedStatesCoinThe first American coin was:

A HALF CENT COIN, MADE OF COPPER, CREATED AT THE PHILADELPHIA MINT

FUN FACTS–2A–1

The first American coin

was created in 1793.

7

F U N F A C T S

UnitedStatesMintLocations

e WEST POINT, NY

r PHILADELPHIA, PA

t WASHINGTON, D.C.

u FORT KNOX, KY

i DENVER, CO

o SAN FRANCISCO, CA

FUN FACTS–2A–2

The United States

Mints can make up to 28 billion coins

each year!

8

A C T I V I T Y

CoinCreationAfter watching the United States Mint video on how coins are made, answer the following questions.

1. WhereareUnitedStatescoinscreated?United States Mints

2. Coinsaredesignedthroughmanysteps.Usethenumbers1–4toputthestepsinorder.

Sculptormakesminimodelofcoinonacomputerorinclay

Artistdrawslargepictureofwhatthecoinwilllooklike

Plastercastisscannedintocomputerthatturnsthedesignintocomputerdata

Aplastercastismadetosharpenacoin’sdetails

3. Whatarecoindisksmadeoutof?Long sheets of metal.

4. Thecoindisksneedtobeprepared.Usethenumbers1–5toputthestepsinorder.

Cleancoinstomakeshiny

Raisetherimsofbothsidesofthecoinusingupsettingmill

Givecoinsabath

Heatcoinstomakesoft

Coolcoins

5. Areallcoinsthataremintedapproved?No. Only the coins that do not have flaws are put into circulation.

ACTIVITY–2A

2

2

4

1

5

4

3

3

1

9

2B: COIN FEATURES

Coinshaveverydetaileddesigns.SharewithSsthefeaturesofthecoins.

3 Shape–roundwitharimcalledanedge.

3 Obverse–thefrontofthecoin

3 Reverse–backofthecoin

3 Legend–awordorsayingatthetopofacoin.Examplesinclude“InGodWeTrust”or“Liberty”

3 Image–mainpictureonthecoin.Theimageiscalledabustorportrait.

3 Year–whenthecoinwasminted

3 Value–howmuchthecoinisworth

3 Field–decorationsonacoinsuchasstarsorolivebranches

3 Marks–wherethecoinwasminted

3 Philadelphia(P)

3 Denver(D)

3 SanFrancisco(S)

3 WestPoint(W)

ACTIVITY: Coin Features (AS–2B–1)

Sometimesthemintchangestheimagesthatappearoncoins.(FUN FACTS–2B)

3 Themintcurrentlyhasaprogramcalled“AmericatheBeautiful”thatfeaturesbeautifulplacesinourcountryonquarters.VisittheUnited States Mint’s webpagetoseethedesignsintheseries.

BothIllinoisandMissourihavetheirownAmericatheBeautifulquarter.Selectthequarteryouwilllearnaboutbaseduponyourschool’slocation.

MISSOURI

3 In2017,theOzarkRiverwaysquarterwasmintedhonoringMissouri.

3 AlleyMillwasasteelrollermillbuiltin1894thatwasusedtoturnwheatintoflour.

3 TheOzarkRiverwayswereestablishedin1964toprotecttheJackForksandCurrentRiversintheOzarkHighlands.

ILLINOIS

3 In2016,theShawneeNationalForestquarterwasmintedhonoringIllinois.

3 AviewofCamelRock,oneofthemostvisitedandwell-knownrockformationsattheShawneeNationalForest’sGardenoftheGods.

3 Ared-tailedhawk,awildlifespeciesthatcanbefoundinShawneeNationalForest.

ACTIVITY: Coin Design (AS–2B–2)

10

A C T I V I T Y

CoinFeatures

Answer the questions and label the features of the coin.

ACTIVITY–2B–1

Whatistheshapeofthecoin?Round

Whatistherimofthecoincalled?Edge

Whatisthefrontofthecoincalled?Obverse

Namethefeaturesofthecoinindicatedbyeachnumber.

eLegend (In God We trust)

rImage

tYear (2019)

uValue

iField

oMarks (Philadelphia)

Whatisthebackofthecoincalled?Reverse

11

F U N F A C T S

AmericatheBeautifulQuarters

MISSOURI

3 In2017,theOzarkRiverwaysquarterwasmintedhonoringMissouri.

3 AlleyMillwasasteelrollermillbuiltin1894thatwasusedtoturnwheatintoflour.

3 TheOzarkRiverwayswereestablishedin1964toprotecttheJackForksandCurrentRiversintheOzarkHighlands.

ILLINOIS

3 In2016,theShawneeNationalForestquarterwasmintedhonoringIllinois.

3 AviewofCamelRock,oneofthemostvisitedandwell-knownrockformationsattheShawneeNationalForest’sGardenoftheGods.

3 Ared-tailedhawk,awildlifespeciesthatcanbefoundinShawneeNationalForest.

FUN FACTS–2B

12

A C T I V I T Y

CoinDesignDesign a coin that represents you.

Besuretoincludeallthecoinfeatures:

3 LEGEND –awordorsayingatthetopofacoin.Examplesinclude“InGodWeTrust”or“Liberty”

3 IMAGE –mainpictureonthecoin.Theimageiscalledabustorportrait.

3 YEAR –whenthecoinwasminted

3 VALUE –howmuchthecoinisworth

3 FIELD –decorationsonacoinsuchasstarsorolivebranches

3 MARK –wherethecoinwasminted

FRONT

BACK

ACTIVITY–2B–2

13

2C: COMMON COINS

3 Coinsareaformofmoneyandtherearefourcoinsthataremostcommonlyused.(FUN FACTS–2C)AskSsiftheycanlistthecoinsand,astheyshare,askwhateachcoinisworth:

3 Penny–Onecent

3 Nickel–Fivecents

3 Dime–10cents

3 Quarter–25cents

3 Explaineachcoin’srelationshiptotheother:

3 Fivepennies=Onenickel

3 Twonickels=Onedime

3 Onenickel+Twodimes=Onequarter

ACTIVITY: Common Coins (ACTIVITY–2C)

2D: LESS COMMON COINS

3 AskSsiftheycanlistanyothertypesofcoins.

3 Halfdollar= 50cents

3 Sacagaweadollar= 100cents

ACTIVITY: Less Common Coins (ACTIVITY–2D)

14

F U N F A C T S

CommonCoins Coins are a form of money and there are four coins that are commonly used.

Coins are related to each other in the following ways:

3 Fivepennies=Onenickel

3 Twonickels=Onedime

3 Onenickel+twodimes=Onequarter

FUN FACTS–2C

I think I understand!

15

A C T I V I T Y

CommonCoins

1. Listthevalueofeachcoin.

2. Usethenumbers1to4tolistthesizeofcoinfromsmallesttolargest.

3. Doyouthinkthatcoinsthatarebiggerareworthmoremoneythancoinsthataresmaller?Yes No

4. Fillintheblanks:

Onedime=10 pennies Onequarter=25 pennies

5. Whydoyouthinkthatwehavecoinsthathavedifferentvalues?Allow Ss to list their answers.

1cent 5cents 10cents 25cents

ACTIVITY–2C

It’s fun learning about all the coins.

2 3 1 4

X

16

A C T I V I T Y

LessCommonCoinsOther types of coins.

3 Halfdollar=50cents Sacagaweadollarcoin=100cents

3 Fillintheblanks:

Halfdollar=50 pennies Sacagaweadollar=100 pennies

Halfdollar=10 nickels Sacagaweadollar=20 nickels

Halfdollar=5 dimes Sacagaweadollar=10 dimes

Halfdollar=2 quarters Sacagaweadollar=4 quarters

ACTIVITY–2D

No Scotty, they are

pretty cool.

Fredbird, did you know about these

coins?

17

L E S S O N 3

FormsofMoney—BILLSStudentswilllearnthehistoryofandhowtoidentifyBILLS.

3A: HOW BILLS ARE MADE

3 Whydoyouthinkbillsexist?

3 Billsareaformofmoneymadefromaspecialtypeofpapercalledcurrencypaper.

3 BillsareproducedbyU.S.MintsonlyandonlytwoMintsmakebills–Washington,D.C.andFortWorth,TX.

3 Watchthekids.gov videoonhowbillsaremade.

ACTIVITY: How Bills are Made (ACTIVITY–3A)

3B: TYPES OF BILLS

3 AskSsiftheycannamethetypesofbills.(FUN FACTS–3B)

3 $1bill

3 $5bill

3 $10bill

3 $20bill

3 $50bill

3 $100bill

3 Explainbills’relationtocoins:

3 $1= 100pennies

20nickels

10dimes

4quarters

3 $10= 10$1bills

2$5bills

ACTIVITY: The Value of Bills (ACTIVITY–3B–1)

ACTIVITY: Making Change (ACTIVITY–3B–2)

18

A C T I V I T Y

BillCreationAfter watching the kids.gov video on how bills are made, answer the following questions.

1. Whatagencycreatesbills?Bureau of Engraving and Printing

2. Whatdotheytrytoshareoneachbill?Different aspects of the United States to share a story

2. Onwhatarebillimagesengraved?Steel plates

4. Listtheorderthatbillsareprinted.Usethenumbers1–3toputthestepsinorder.

Backsandfacesofnotesprinted

Serialnumber,treasurysealandfederalreservesealprinted

Backgroundimagesprinted

ACTIVITY–3A

I always wondered how

dollar bills were made.

2

3

1

19

F U N F A C T S

TypesofBills

FUN FACTS–3B

20

A C T I V I T Y

TheValueofBillsFill in the blanks for the following bills on your own or with the help of your teacher.

$20 20 $1bills

4 $5bills

2 $10bills

$50 50 $1bills

10 $5bills

5 $10bills

2 $20billsand1$10bill

$100 100 $1bills

20 $5bills

10 $10bills

5 $20bills

2 $50bills

ACTIVITY–3B–1

21

A C T I V I T Y

MakingChangeYou are going to a Cardinals game and are purchasing some snacks.

Makechangeforyourpurchases:

1. Youbuycottoncandyfor$5.50.Yougave$10.00.Yourchangeis$4.50

2. Youbuya#1Cardinalsfanfoamfingerfor$8.25.Yougave$10.00.Yourchangeis$1.75

3. Youbuyicecreamfor$3.75.Yougave$5.00.Yourchangeis$1.25

4. YoubuyaCardinalshatfor$13.00.Yougave$20.00.Yourchangeis$7.00

5. Youbuyahotdog,chipsandsodafor$11.75.Yougave$20.00.Yourchangeis$8.25

ACTIVITY–3B–2

Cotton candy, that will be

$5.50.

22

L E S S O N 4

EarningMoneyStudentswilldiscusswaysthatMONEY CAN BE EARNED.

4A: HOW TO EARN MONEY

Moneyisneededtobuyitemsyouneedorwant.Ifyoudonothavemoney,youwillnotbeabletopurchasetheseitems.Inordertoreceivemoney,youhavetoearnit.

ACTIVITY: Ways to Earn Money (ACTIVITY–4A–1)

ACTIVITY: Earning Money (ACTIVITY–4A–2–BEGINNER) (ACTIVITY–4A–2–ADVANCED)

AskSswhattypesofmoneyFredbirdandScottycanexpectpeopletomostcommonlyusetopayfortheiritems.

3 Quarters,$1bill,$5bill,$10bill,$20bill

AskSswhattypeofchangeFredbirdandScottyshouldhaveavailable.

3 Lotsofquarters,$1bills,$5bills,$10bills

SELECT PROBLEM BASED UPON GRADE LEVEL

Feelfreetomakeadditionaladjustments.

23

A C T I V I T Y

WaystoEarnMoneyMake a list or draw pictures of ways that you can earn money.

ACTIVITY–4A–1

24

A C T I V I T Y

EarningMoneyFredbird and Scotty are working a concession stand during a Cardinals game at Busch Stadium.

HowmuchmoneywillFredbirdandScottyearniftheysoldthefollowingquantities:

3 3 CANDY BARS

3 5 WATERS

3 7 SODAS

$ 17.00

3 6 CANDY BARS

3 3 WATERS

3 4 SODAS

$ 12.00

3 4 CANDY BARS

3 6 WATERS

3 8 SODAS

$ 20.00

ACTIVITY–4A–2–BEGINNER

CONCESSIONS

CANDY BAR $ .50

WATER $ 1.00

SODA $ 1.50

Welcome to the concession stand. Can we

help you?

25

A C T I V I T Y

EarningMoneyFredbird and Scotty are working a concession stand during a Cardinals game at Busch Stadium.

HowmuchmoneywillFredbirdandScottyearniftheysoldthefollowingquantities:

3 13 CANDY BARS

3 15 WATERS

3 17 SODAS

$ 47.00

3 16 CANDY BARS

3 19 WATERS

3 26 SODAS

$ 66.00

3 24 CANDY BARS

3 30 WATERS

3 32 SODAS

$ 90.00

ACTIVITY–4A–2–ADVANCED

CONCESSIONS

CANDY BAR $ .50

WATER $ 1.00

SODA $ 1.50

Welcome to the concession stand. Can we

help you?

26

L E S S O N 5

SavingMoneyStudentswilllearntheimportanceofandthedifferentWAYS TO SAVE MONEY.

5A: WAYS TO SAVE MONEY

3 AskSswhyitisimportanttosavemoney.

3 Sotheyhavemoneytopayfortheirneedsandwants,aswellasunexpectedemergencies.

3 AskSstogiveexamplesofhowtheyarecurrentlysavingmoney.

3 Intheirpiggybank

3 Inthecreditunionorbanksavingsaccount

3 Atthecreditunionorbank,SscanopenaSAVINGSACCOUNT.ASAVINGSACCOUNTisaplacewheremoneyiskeptsoitcanstaysafeandgrowintomoremoney.

3 Moneyisdeposited(putinto)theaccountsoyoucanstartsaving.

3 Ifyouneedmoney,youcanwithdraw(takeout)themoneytopayforyourneedsorwants.

3 Ifyouleaveyourmoneyinthesavingsaccount,itwillearninterest(asmallfee)thatthecreditunionorbankpaysyoutokeepyourmoneythere.

3 Whenyouearnmoney,youshouldpayyourselfbydepositingmoneyintoyoursavingsaccountbeforeyoubuyanything.Youshouldsave10%ofwhatyouearn.

3 Forexample,ifyouhave$10,put$1intoyoursavingsaccount.

ACTIVITY: Saving Money (ACTIVITY–5A)

1. Ssdrawtenrectanglesonapieceofpaper.Eachrectangleequals$1.00.

2. Sscoloroneoftherectangles.Onerectangle=10%

Savingmoneyhelpsyouprepareforfunactivitiesbutcanalsoprotectyouincaseofanemergency.

1. AskSstosharefunactivitiesthattheirfamilycouldsavefor.

2. AskSstogiveexamplesofunexpectedexpensesthatmighthavetocomeoutoftheirsavingsaccount.

27

A C T I V I T Y

SavingMoneySaving money helps you prepare for fun activities but can also protect you in case of an emergency.

ACTIVITY–5A

28

L E S S O N 6

BudgetingBasicsTolearnhowtheimportanceofaBUDGETcanhelppayforneedsandwants.

6A: BUDGETING YOUR MONEY

3 AskSsiftheycansharewhatabudgetis.

3 ABUDGETisaplanusedtodecidetheamountofmoneythatcanbespentandhowitshouldbespent.

3 Whenadultsplanabudget,theymustthinkabouttheneedsandwantsofthemselvesandtheirfamily.

3 Askstudentstoprovideexamplesofitemsthattheythinktheywouldneedtobudgetfor.

3 StudentsshouldbeginwiththeNEEDStheywillneedtobudgetforandthenlisttheWANTStheywouldliketoincludeinthebudget.

ACTIVITY: Creating a Budget (ACTIVITY–6A)

29

A C T I V I T Y

CreatingaBudgetFredbirdandScottyareplanningapartyfortheirbaseballteamtocelebratetheseason.Theyhave $35 TO SPENDonitemsthattheyneedfortheparty.Thereare20 INDIVIDUALSontheteamincludingcoaches.

Fill out the following sheet:

3 Howmanyhotdogbunbagsdotheyneedtobuy?3 Howmuchwillthehotdogbunbagscost?$6.00

3 Howmanyhotdogpackagesdotheyneed?3 Howmuchwillthehotdogpackagescost?$9.00

3 Howmanypotatochippackageswilltheyneed?1 Howmuchwillthepotatochippackagescost?$4.50

3 Howmanyplatesandutensilsetswilltheyneed?1 Howmuchwilltheplatesandutensilsetscost?$2.75

3 Howmuchmoneydidtheyspendintotal?$22.25 Howmuchmoneydotheyhaveleft?$12.75

BONUS

Afterpurchasingneededitemsfortheirparty,FredbirdandScottyhavesomemoneyleftforitemsthattheywanttomakethepartyevenmorefun.

FredbirdandScottycanpurchaseanyofthelistedEXTRA ITEMSfortheirpartywiththeleftovermoney.

List what they will purchase and how much each will cost:

3 ItemDecorations (balloons, streamers) =$2.50

3 ItemIce cream sandwiches =$3.25

3 Item2 candy bags =$3.00

3 Howmuchdidtheyspend?$8.75

3 Howmuchdidtheyhaveleftover?$4.00

ACTIVITY–6A

Party List Hot dogs (8-count) $3.00Hot dog buns (8-count) $2.00Potato chips (20-count) $4.50Plates and utensils (set of 20) $2.75

Extra ItemsDecorations (balloons, streamers) $2.50Ice cream sandwiches (20-count) $3.25Candy bags (10-count) $1.50

30

L E S S O N 7

AlternateFormsofMoneyStudentswilllearnaboutFORMS OF PAYMENTotherthancoinsandbills.

3 Youcanpayforneedsandwantswithcoinsandbillsbutyoucanalsouseotherformsofpayment.

3 AskSsiftheycannameotherformsofmoney.

7A: CHECKS

3 Acheckisapieceofpapergiventoyoubythecreditunionorbankwhichisconnectedtoyourcheckingaccount. (FUN FACTS–7A)

3 Youcanwriteachecktopayforanitem.

3 Youcanalsoreceivechecksasaformofpayment.

3 AskSstoshareatimetheyhavereceivedacheck.

Examples:Birthday,holidays

EXAMPLE

If your aunt writes you a check for $10 for your birthday, you would bring the check to the credit union or the bank to cash it. Cashing a check means that you receive the dollars and cents that are written on the check.

The credit union or bank will take the money out of your aunt’s checking account and give it to you.

3 Checksareasaferwaytosendmoneywithsomeone,especiallyifyouaresendingmoneythroughthemail.

3 AskSswhyusingacheckcouldbesafer.

3 Checkscanonlybecashedbythepersonwhothecheckismadeoutto.

3 Ifyoulosebillsorcoins,themoneyisgoneforever.Ifyouloseacheck,itcanbereplaced.

3 Whenwritingchecks,itisimportanttokeeptrackofthemsoyouknowhowmuchmoneyisleftinyourcheckingaccount.

ACTIVITY: Writing a Check (ACTIVITY–7A–1)

ACTIVITY: Using a Check Registry (ACTIVITY–7A–2)

31

F U N F A C T S

Checkse Yourinformation(name,addressandsometimesaphonenumber)

r Checknumber(twolocations)

t Date–Today’sdate

u Paytotheorderof–Whomoneyisbeingpaidto

i Boxwithdollarsign–Amountbeingpaidinnumbers(Example:$10.50)

o Linewithdollarsatend–Amountbeingpaidwrittenoutinwords:andafractionoutof100

(Example:Tendollarsand50/100)

p Creditunionorbankinformation

a Memo–Noteofwhatthemoneywasspenton(Example:birthdaypresent)

s Signatureline

d Yourcreditunionorbank’sroutingnumber

f Yourcheckingaccountnumber

FUN FACTS–7A

32

A C T I V I T Y

WritingaCheckUsingthePARTY LISTlistfromthepreviousactivity,writeacheckfor:

3 Neededitemsyoupurchasedforyourteamparty.

3 Wanteditems(extras)youpurchasedforyourteamparty.

ACTIVITY–7A–1

September 1, 2019

September 1, 2019

Grocery Store

Grocery Store

Fredbird

Fredbird

22.25

8.75

Party Supplies

Party Supplies

Twenty Two and 25/100 ——————————————————————————

Eight and 75/100 ——————————————————————————

33

A C T I V I T Y

UsingaCheckRegistryYouhave$35.00inyourcheckingaccount:

3 Usetheregistertolisttheitemsyoupurchasedwithyourchecks.

ACTIVITY–7A–2

CheckbookRegistryNUMBEROR

CODEPAYMENTFEE

WITHDRAWAL(–) BALANCEDEPOSITCREDIT(+)

TRANSACTIONDESCRIPTIONDATE

Be sure to double check

your math.

$35.00

2019 9/1/19 Hot dog buns $6.00 $29.00

Decorations $2.50 $10.25

Potato chips $4.50 $15.50

2020 9/1/19

Plates and utensil sets $2.75 $12.75

Hot dogs $9.00 $20.00

Ice cream sandwiches $3.25 $7.00

Candy bags $3.00 $4.00

34

7B: DEBIT CARD

3 Adebitcardisaplasticcardthatcanbeusedinsteadofcashorchecktobuythings.(FUN FACTS–7B/7C)

3 Adebitcardtakesthemoneyrightoutofyourcheckingaccountrightaway.

3 Itisimportanttosavemoneyandkeeptrackofthemoneyinyouraccountsothatyouhavemoneytopayforitems.

7C: CREDIT CARD

3 Acreditcardlookslikeadebitcardbutitisdifferentbecausewhenyouuseit,itdoesnottakethemoneyoutofyourcheckingaccount.(FUN FACTS–7B AND 7C)

3 Whenyouareusingacreditcard,youareborrowingmoneywiththepromisetopayitbacklater.

3 Youshouldonlybuyasmuchasyoucanpaybackonyourcreditcard.

3 Ifyoudonotpaybackthemoneyyouputonyourcreditcard,youwillowemoremoneythanyouspent.Thisiscalledafeeorinterest.

7D: GIFT CARDS

3 Agiftcardisaplasticcardthathasthenameofthestoreorrestaurantthatyoucanpurchaseitemsfrom.

3 Themoneyonagiftcardispreloadedwithmoney.Youcanonlypurchaseitemsfromtheplacethegiftcardisfrom.

3 Onceyouspendallthemoneyonthegiftcard,itisnotabletobeusedanymore.

ACTIVITY: Using a Gift Card (ACTIVITY–7D)

3 Asktheclass:

3 Howdifficultwasittosticktoyourbudget?

3 Whatweresomewaysthatyoufoundtostretchyourbudget?

35

F U N F A C T S

DebitCardsandCreditCards7B: DEBIT CARD

3 Adebitcardisaplasticcardthatcanbeusedinsteadofcashtobuythings.

7C: CREDIT CARD

3 Acreditcardlookslikeadebitcardbutitisdifferentbecausewhenyouuseit,itdoesnottakethemoneyoutofyourcheckingaccount.

FUN FACTS–7B AND 7C

Budget List Cardinals game ticket $18.00Cotton candy $8.00Chocolate chip cookie $4.00Ice cream small $5.00Ice cream large $7.50Corn dog $6.00Chicken sandwich $9.00Hamburger with fries $16.00Cardinals baseball cap $28.00Cardinals baseball t-shirt $20.00Cardinals baseball jersey $60.00

36

A C T I V I T Y

UsingaGiftCardYouhaveagiftcardfor$100toattendaCardinalsgameatBuschStadium.Usingthelist,makeabudgetforwhatyouwillneedtopurchasetoattendthegame.

1. ListwhatyouNEEDtopurchasetoattendthegameandhowmuchitwillcost.A ticket – $18.00

2. ListwhatyouWANTtopurchaseandhowmuchyouwillspend.

3. Howmuchmoneydidyouspend?

4. Howmuchmoneydoyouhaveleft?

5. Isthereanythingyoucandotosavemoney?

ACTIVITY–7D

Gift Card

I can’t wait to use my gift card

at the game!

Ss can select from the list above to create their own math problems.