Day 22 (8)

GOAL: When you leave class today you will be able to………

  1. Identify the pros and cons of using different payment types
  2. Categorize a purchase as either a debit or credit transaction

RIGHT NOW:

  1. Open your Word Online file by Googling Office 365 Login & going to your OneDrive using Chrome. Respond the following in your Word Online file for this class. Share it with me AGAIN:
    1. Remember in module 3 you helped Trevor decide which payment methods to use to make different purchases. What are some of the payment methods Trevor used to make purchases?
    2. Can you name some of the ways debit cards are different from credit cards?
    3. There are pros and cons to using each payment type.
      1. List some of pros of using a debit card.
      2. List some of the cons of using a debit card.
      3. List some of pros of using a credit card.
      4. List some of the cons of using a credit card.
  2. In this activity you will receive a list of transactions and you must identify whether a debit card or credit card was used for each transaction. For example:
    1. Transaction: Jamie used her card to purchase a new television. If she pays off the balance within 6 months she won’t have any interest added to her balance. Answer: Credit Card
    2. Open the Transaction Type worksheet. You will have 5 minutes to complete the activity individually. Record your answers in your Word Online file for this class. Also, answer the following: How did you identify whether the transaction was made with a debit or credit card?
  3. Follow the instructions below to begin the online banking simulation (READ & DO ALL INSTRUCTIONS CAREFULLY!!!):
    1. Open the Slide Show for the Instructions–Complete Parts I & II today
      1. SLIDE 2–Click the Link & follow the instructions on SLIDE 1: Navigate Your Online Bank Account (Extended Version) Worksheet.
      2. SLIDES 3 to 5–Just read them
      3. SLIDE 6–Read ALL of slide 6 and then actually do it. Write down your username & password. Click the ORANGE TEXT to go to the website
      4. SLIDE 7–Read it
      5. SLIDE 8–Read it and do it
      6. SLIDES 9 & BEYOND–We will work on next class–STOP HERE
  4. Play FINANCIAL FOOTBALL

4 thoughts on “Day 22 (8)

  1. Today I cashed checks and deposited my own paycheck. Another thing I did was put extra cash from the bankers into the class bank. I also played the lemonade stand game.

  2. Today I passed out the paycheck to everyone. Then I put my paycheck and my bonus money into the bank. After this I looked at some examples for our Public Service Announcment. Then I played the lemonade stand game and learned to not over buy materials. I played the 7 days twice and lost money each time but the second time I lost less than the first becuase I took stuff away from the first time.

  3. Today was a little hard to do but then again it challenges me for in the future when I have a job. But this job is really fun to do and it does pay well so its a fun time.

  4. Today in class We got our paychecks. I then prepared for the Auction Day. After that I had some time so i played the lemonade stand game.

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