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Checking Account - Savings Account - Financial Literacy - FLEX Class

Completed by 2 learners
Ages 13-18
Live Group Class
In this 6 week semester FLEX class students will learn how to manage Checking Account & Saving Account, develop a system for keeping track of spending and saving, and compare and contrast features of each account.
Average rating:
4.9
Number of reviews:
(811 reviews)
Popular

No live video meetings
6 weeks
1-18 learners per class

What's included

Assessment
No letter grade will be given unless parents request. Option Unit Assessment is available.
Grading
included

Class Experience

NOTE: THIS IS A FLEX CLASS - IT HAS NO LIVE MEETINGS
Financial literacy is the ability to understand how to manage and invest money in a USA banking system. 
In this 6 week semester FLEX class students will learn how to manage Checking Account & Saving Account, develop a system for keeping track of spending and saving, and compare and contrast features of each account.

Lesson 1 - The Essential Checking Account
    ♦   Explain what a checking account is used for and why it is important to have one
    ♦   Understand the variety of ways they can deposit and withdraw funds from their checking account 
    ♦   Describe the consequences of not being in the banking system 
    ♦   Understand various options for payment (cash, check, debit, person-to-person, prepaid card) and determine when to use each type                                    

Lesson 2 - Read the Fine Print
    ♦   Learn tips for using their checking account effectively, including the use of mobile alerts
    ♦   Read a checking account agreement and identify the fees associated with a checking account
    ♦   Understand how overdraft protection works and how to avoid high fees attached to the service
    ♦   Read a bank statement to verify its accuracy and interpret how their money is being used

Lesson 3 - Classic Checking Skills
    ♦   Conduct various banking activities, such as write a check, use an ATM, make a purchase with a debit card, make a deposit, and pay bills 
    ♦   Learn how to complete a check register and why it’s important for understanding your cash flows
    ♦   Understand how to balance and reconcile their checkbook and how doing so helps protect their money

Lesson 4 - Online & Mobile Banking
    ♦  Appreciate the range of online and mobile banking  services available to help manage and fully utilize their checking account 
    ♦  Explain what direct deposit is, how they sign up for it, and why it could be beneficial
    ♦  Learn how to use online bill pay 
    ♦  Understand the advantages and disadvantages of digital wallet payments such as Apple and Google Pay 
    ♦  Identify ways they can protect their checking account when using online and mobile banking 

Lesson 5 - Select a Checking Account
    ♦  Compare and contrast banks and credit unions
    ♦  Consider different features, fees, and requirements of checking accounts at various banks and choose the options that are best for them, personally
    ♦  Understand the specific “perks” and requirements of a student checking account
    ♦  Conduct online research to select a checking account
    ♦  Enumerate what paperwork is required to open a checking account

Lesson 6 - Online Bank Account Simulator
Note: This is a simulation and you should NOT use any of your actual bank account information at any point.
    ♦   Check that Checking Account - Practice looking at the basics of an account
    ♦   Switch Over to Savings - Practice transferring money to Savings account
    ♦   Bills, Bills, Bills - Practice paying bills from your account
    ♦   Shop ‘til You Drop! - Practice spending your own money 

Optional Unit Assessment

Learning Goals

Students will learn how having a system for finanical record-keeping can make it easier to make financial decisions, compare and contrast the features of mobile banking and practice their knowledge with an online bank account simulator.

Other Details

External Resources
In addition to the Outschool classroom, this class uses:

Offered by

4.9
811reviews
Popular
Profile
Teacher expertise and credentials
Arkansas Teaching Certificate in Secondary Education
Ms. Adamson
Master's Degree in Education from Saint Peter's University
Ted Weinberg
Master's Degree in Education from Arkansas State University
Ms. Adamson
Master's Degree in Education from Arkansas State University
Ms. Adamson
Bachelor's Degree in Film/Cinema/Video Studies from Ithaca College
Ted Weinberg
Bachelor's Degree in Science from Arkansas State University
Ms. Adamson
Apples2Zippers Learning Academy teachers are licensed and certified instructors with over 30 years of combined experience in the classroom. 🔗 https://outschool.com/teachers/apples2zippers?usid=22phBPHs&signup=true&authTrigger=follow_teacher&utm_campaign=share_leader_link 

🍎 Mrs. Adamson - Hello, my name is Mrs. Adamson, I am the owner and founder of Apples2Zippers Learning Academy organization on Outschool.  I have been teaching for 20 years. I am a state certified and licensed teacher PreK - 12th grade. I am  licensed and certified educator in Business Technology & Business Education, Special Education Instructional Specialist, Family & Consumer Sciences, and a graduate of the Career and Technical Education Leadership Academy and ESL Instructor and certifications in TEFL/TESL/TESOL. I am also an entrepreneur, small business owner, travel agent, W!SE Financial Literacy Instructor, Serv-Safe Instructor, and I hold a Master's Degree in Education and a Bachelor's Degree in Radiology Health Management.  I am an advocate of Career and Technical Education (CTE), life skill classes that are designed to provide students the knowledge and skills necessary for everyday living.

🍎 Mrs. Lauren - I'm a K-8 certified teacher in the state of Michigan and have been a teacher since 2011. I have a Masters degree in Teaching and Curriculum with an Educational Technology concentration and a Bachelor's degree in Elementary Education. Both degrees are from Michigan State University. I'm also a Google Certified Educator, both Levels 1 and 2. 

I taught K-8 Computer and PreK-5 Library classes at a private school in southeast Michigan from 2016-2021. In my teaching career, I also have experience in middle school Math and English Language Arts, along with the general elementary classroom. On Outschool, I have taught various technology classes since summer 2020, including typing/keyboarding, Google Slides design, and coding.

I'm very passionate about technology in education and I love teaching young students about all sorts of tech programs and skills - typing and word processing, slide shows and other presentations, graphic design, spreadsheets, website creation, video editing, coding, and more. My goal is to help students build new tech skills, apply them in creative ways, and have lots of fun while learning!

🍎Ms. Hollye - My name is Mrs. Hollye, and I specialize in technical courses for Apples2Zippers organization. I hold a bachelor’s degree from Mississippi State University and a master’s degree from Delta State University, both in Business Administration. I am a community college instructor in the state of Mississippi, and I have enjoyed teaching a variety of technical courses in my five years of teaching. I have a passion for teaching students of all ages. I love to see my students grow and learn throughout the duration of a course. 

🍎Mrs. Lisa T. - Hello, my name is Mrs. Lisa and I'm an experienced educator with a diverse background. My areas of expertise and certification include Kindergarten through 6th grade teacher, 7th and 8th grade all four core areas, Gifted and Talented Teacher and Director of Education, Special Education Grades 4 through 12 specialist as well as building principal for PreK through 8th grade. During Covid shutdowns and quarantines I discovered that my students and I loved the online platform. I taught in a one to one school. Every student had a laptop as well as a school hotspot if their family asked for one.  I chose not to do the minimum "office hours" as my school required. I felt this did not meet my students' needs. I ran an online classroom during regular school hours as well as recorded the class for those students who were unable to connect with us or needed to hear the lesson more than once. My experience as a principal resulted in greatly improved learning for all students. The gifted students improved as well as those with learning disabilities. I believe in high expectations for all. High expectations that are attainable

🍎Mrs. Pope - Hello! My name is Mrs. Pope and I specialize in Typing classes for the Apples2Zippers organization on Outschool.
I am a certified K-12 teacher in the state of Pennsylvania and have been teaching since 2018. I hold a bachelor's degree in Spanish Education and am currently working on my master's degree in Curriculum and Instruction. 
I have teaching experience in elementary, middle, and high school. I currently teach Spanish at the high school level. I enjoy teaching students of all ages and watching them grow and learn. I am very passionate about teaching in general and want to help students learn valuable life skills such as typing to help them succeed in the future.

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