Unit Title: Banking Lesson Title: Checking Accounts & Banking Services MHS Personal Finance Desiree Sartin

Activities 1. Read chapter 9 in the Managing Your Personal Finances Textbook; Read the Summary on page Using the Internet and Microsoft PowerPoint or Paint label the parts of a check using the information from pages 207 – 209. Find a picture of a blank check on the Internet. Cite your source! 3. What are 5 important guidelines for writing checks? What are six guidelines for completing deposit slips? What 6 guidelines should be used to record in a check register? Write your responses on a piece of paper and provide the page numbers that you used in the textbook to retrieve the information. 4. Students will write the correct spelling for the numbers 10 – 25; so that they will become familiar with writing out a check 5. Create a PowerPoint Presentation; Apply a design template: Title Slide: Financial Institutions in McComb, Your Name, Personal Finance. List the names, addresses, and telephone numbers of five financial institutions in your community. And list the services provided by each. What type of checking account might you choose? Why?

Bellwork:  Students will use the internet to read about The History of Banking in the US. Write ½ page paper telling something interesting they learned about banking.  Timed writing:

Objectives The student will …  Understand the purpose, uses, and advantages of a personal checking account.  Prepare checking account documents, including a signature card, checks, deposit slips, checkbook register, and bank reconciliation.  Explain check endorsements and describe the types of checking accounts available to consumers.  Define various banking services available and fees charged to consumers.

Textbook Assignments End of Chapter Assignments. Pages 224 – Vocabulary Terms: #1 – Facts & Ideas in Review: #1, 2, 5, 8, 11, Life situation problem solving: #1 & 2

Check Writing Packet Students will write the following checks, deposit slips, & check register. 1. You are John or Mary Doe, manage the first 4 days of the month of October. Change check no# to Transaction No#. Transactions follow. 2. The following shows your monthly checkbook activity. Fill in the stub and the check. Your beginning balance is $ You receive a paycheck from a summer job (create the name of a business as your employer to use on the deposit slip) for $ You make a deposit on July 1 using the first deposit slip. 4. On July 2, you have your car serviced and write a check #501 to Carl’s Auto Service for $ You buy a CD for $16.08 by writing check #502 to Camelot Music Store on July Your mother’s birthday calls for some shopping, and you write check #503 for $23.83 to Proffitt’s on July On July 10, you receive your paycheck for $ Fill in the deposit slip to show a deposit of $250 and the remaining as cash received. 8. Your monthly stereo system payment of $96 to Sound Investments is due on July 12 and you write check #504 for that amount. 9. On July 15, a friend gives you a check for $75 to repay a loan you made to him. You deposit this using your third deposit slip.

1. You purchase some new clothes on July 15 at Its Fashion and write check #505 for $ You need to get some cash for an evening out, so you use your bank’s ATM on July 16 for a $50 withdrawal. 3. On July 18, you visit your dentist and write check #506 to Dr. Dumas for $ On July 20, you make your monthly car insurance payment of $123. Use check #507 and make the check out to an insurance company of your choice. 5. On July 21, you deposit $50 in cash into your account from the money you received for your birthday. Use your fourth deposit slip. 6. On July 22, you purchase party supplies from Big Lots and write check #508 for $ On July 25, your neighbor gives you $20 for running errands for him. He gives you a twenty-dollar bill but you only want to deposit $10 of it. Fill in the fifth deposit slip to show this. 8. You purchase some books on July 26 at Barnes & Nobles for $24.39 and write check # You receive another paycheck for $ Fill in the deposit slip to show a $200 deposit with the remainder being given to you as cash. Use the sixth deposit slip on July 27. Check Writing Packet