Competency/Objectives - Students will..
Fill in a Venn diagram showing the differences between saving and
Students will be able to successfully fill in a scavenger hunt
worksheet while exploring a banking website designed to teach about bank
The students will open a mock bank account by role playing with
teacher or student and filling out bank forms associated with opening a
The student will fill out 5 deposit slips that will include both
checks and cash.
The students will write 10 checks for utility, rent, and other
bills. In addition students will write checks for store bought items.
The student will fill out ledger by entering both deposits and
The student will identify parts of banking forms using a match
The students will evaluate ledgers and bank statements to
determine both outstanding checks and actual balance by listing checks
that have not cleared and stating in writing the amount of money that is
left over after deposits and withdrawals.
do not understand how to use a bank to conduct their day-to-day
transactions as well as track their spending. In addition, the CASAS
test, our assessment, assesses the students in terms and skills
associated with bank accounts, including making deposits, writing
checks, paying bills and managing a bank ledger. Especially amongst
under 21 students this lack of knowledge and skill has been a
disadvantage, and as a result, has reflected a less than accurate math
and reading scores. Most importantly, understanding and managing a
checking or savings account will help them cope with their new
responsibilities. This lesson will also incorporate math and reading
skills important to everyday life.
Content and Materials
discussion about what they already know and what they want to know.
printed article on saving and checking accounts
A work book
packet that guides each student through a life-like banking transaction
do a quick web activity work sheet with the following website:
slips, checkbook, ledger, and bank statement.
A final quiz
that reviews parts of banking forms.
Using a KWL
chart, students will identify what they already know about checking and
Using the same
KWL chart they will identify what they would like to learn.
discuss new bank vocabulary.
read a brief printed article on savings and checking accounts.
fill out the Venn diagram and identify the similarities and differences
between savings and checking accounts.
search a brief web quest on the computer. Students will identify
important terms in a scavenger hunt worksheet.
will open up a mock bank account with teacher or other student.
will complete a packet that guides them through a checking account
scenario. They will use deposit slips, checks, and a bank statement to
come up with the correct balance.
will identify parts of banking forms as a final assessment.
complete their KWL chart by listing what they have learned from the
packet and evaluate how many ways checking and saving accounts can help
be able to come up with the correct balance.
be able to identify by matching the correct parts of the deposit slip,
check, and bank statement.
be able to describe what they have learned from the activity.
nature of our lab setting puts limitations on some group activities
since students are rarely working on the same thing as once)
role play opening a bank account with teacher or student.
discuss activity with teacher.
need help will be assisted as needed.
be read to or use calculators.
independent course could be conducted in smalls groups.
take a field trip to a bank.
about checking and saving accounts
to learn about checking and Saving Accounts.
about checking and saving accounts.
ABE Math and Reading
your teacher to use the computer. Enter the following link or have your
teacher help you.
Click on the links on this page and find the following items. Check
them off as you identify them. Click continue after you find the
following terms. We are not covering credit statements, so you can stop
______Total from other side
______Less cash received
______Amount of check in words
______Recording a check
______Checks and other debits
______Details check list
______Deposits and other credits
Teacher will assemble a mock check book. Students will have a check
register as well as a check book. The following websites have printable
resources to assemble a mock checkbook.
Deposit Slips (Scroll down to page 14) then just print that page. All
other printable deposit slips actually cost money.
Checking Account Packet
You open a bank account with A-1 Bank. You have 189.00 to
deposit. You are given a check book which includes a check register,
checks, and deposit slips.
May 2, 2007
You just received your first pay check. You are paid
weekly. Your first check is $355.79. You fill out a deposit slip for
$355.79. You need to put gas in your tank on the way home, so you want
$25. Fill out the deposit slip, and enter the correct amount in the
May 3, 2007
Your automobile insurance is due. The bill is for $98.55.
You need to write a check for it. Write a check and subtract from the
ledger this amount.
Youíre out of food. It is time to go to the grocery store.
You need milk, eggs, cheese, a six pack of mountain dew, peanut butter,
and bread. After a few extras, like a candy bar and some shampoo, you
pay 49.38 at Willyís Grocery Store. You subtract that amount from your
May 4, 2007
Yesterday was your little sisterís birthday, and you forgot
again. You write a check for $20.00 and buy her a birthday card. The
birthday card was $3.26 with tax. You purchased it at Willyís Grocery
Store. You deduct both of these checks from your checking account.
May 6, 2007
Your friend at work, Bill, finally paid you back for helping
him out with lunch and gas a month ago. He owed you $66.75. He paid you
in cash. So you fill out a deposit slip and deposit it in your new
checking account. You add this to your bank ledger.
May 8, 2007
You receive your second paycheck. You worked fewer hours, so
it is only 315.93 this time. You fill out a deposit slip and add this
amount to your ledger.
Your rent is over due. You finally have enough money to pay
rent and your landlord is not happy with you. You march down to his
office and pay her $575.00 and the $20.00 late fee with a check. You
deduct this amount from you pay check.
May 9, 2007
Your car is on empty and you also need a quart of oil. On
your way to work you run over to Spunkyís Gas Station. Although
Spunkyís is the cheapest gas station in town, you need at least a full
tank to get through until your next pay check. So you fill your tank
and write a check for $36.78.
May 12, 2007
You have been eating peanut butter sandwiches all week. You
like peanut butter, but youíre not exactly a vegetarian. You run over
to Willyís Grocery store and buy a pound of ground beef, some hamburger
buns and a tube of toothpaste. The total price is $7.68.
May 13, 2007
You get your utility bill for 88.79. It is not due until
after your next pay check. You put it on your refrigerator so you wonít
forget it. If you paid it now, you might have an overdraft. You buy
some more milk and eggs at Willyís Grocery Store. The total is $5.67.
You write a check for that amount and 5 dollars over to pay for minor
expenses until you get paid again.
May 14, 2007
Pay day is here again! Your pay check is 364.32. You are
so tired of peanut butter, you go out for dinner. You go out to Blue
Bonnet Steakhouse. You order a juicy sirloin, a baked potato, and a
tall glass of mountain dew. Your waiter was very helpful and brought
you extra sour cream and a refill of soda. You tip him $4.00. The
total restaurant bill was $21.92 plus the tip.
May 16, 2007
Itís your day off. Time to pay the utility bill you
received May 13th. You write the check and deduct that
amount from your check ledger. Itís also time to go to the grocery
store again. This time you buy some frozen pizzas, salad, two cases of
mountain dew, hair gel, a gallon of ice cream, some grapes, cherries,
and laundry soap, in addition to a bunch of other stuff. When youíre
done, your total is $69.54. You also need quarters for laundry. So you
write your check for $10.00 dollars over.
May 19, 2007
You were talking to your mom the other day about being tired
of eating peanut butter. Your mom sends you a check for 25.00. You
rush to the bank to deposit it. You get 10 dollars back and call her
right away to thank her. You get a bill for your cell phone. You went
over a little bit. The bill was $103.25. You pay the bill right away
with a check.
May 20, 2007
Your bank statement comes. You check to see what checks
have cleared the bank. And also check your math. Put a check mark
beside the checks that have cleared. Then answer the following
is your final balance?___________________________________________
checks are still outstanding?____________________________________
Amount of check in words _____
C. Memo _____
D. Identification number _____
E. Check number _____