GOAL: When you leave class today you will be able to………
- Identify the pros and cons of using different payment types
- Categorize a purchase as either a debit or credit transaction
RIGHT NOW:
- 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:
- 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?
- Can you name some of the ways debit cards are different from credit cards?
- There are pros and cons to using each payment type.
- List some of pros of using a debit card.
- List some of the cons of using a debit card.
- List some of pros of using a credit card.
- List some of the cons of using a credit card.
- 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:
- 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
- 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?
- Follow the instructions below to begin the online banking simulation (READ & DO ALL INSTRUCTIONS CAREFULLY!!!):
- Open the Slide Show for the Instructions–Complete Parts I & II today
- SLIDE 2–Click the Link & follow the instructions on SLIDE 1: Navigate Your Online Bank Account (Extended Version) Worksheet.
- SLIDES 3 to 5–Just read them
- 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
- SLIDE 7–Read it
- SLIDE 8–Read it and do it
- SLIDES 9 & BEYOND–We will work on next class–STOP HERE
- Open the Slide Show for the Instructions–Complete Parts I & II today
- Play FINANCIAL FOOTBALL
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.
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.
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.
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.