Financial Literacy: Checking and Savings Accounts

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This comprehensive lesson plan will give your students a basic understanding of checking and savings accounts. They will learn how to write checks, and how to save for various-term purchases. In addition, they’ll learn about the role financial institutions play in managing personal finances, and the difference between debit and credit cards. By the end of this lesson plan, your students will have a firm grasp on these important concepts.

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Description

Money management is an important skill for everyone to learn, and this Financial Literacy lesson plan is the perfect way to teach it! In this lesson, students will learn important information about money management by exploring the differences and similarities between checking and savings accounts. Students will learn how to open an account, parts of a check, how to write a check, the difference between a debit and credit card, and how to save money for a specific goal. Students will watch an animated video to help further explain the history and use of checking accounts. 

Additional information

grade-level

5th Grade, 6th Grade

subject

Math

State Educational Standards

LB.MATH.CONTENT.5.NBT.B.7, NCSS.D2.ECO.9.3-5, & NCSS.D2.ECO.10.3-5

Lessons are aligned to meet the education objectives and goals of
most states. For more information on your state objectives, contact
your local Board of Education or Department of Education in your state.

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