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Consumer.gov: Managing Your Money
Details
Main Website:
Activity Website:
Activity Description
This activity will help your students learn to open a bank account and manage their money by helping with budgeting, but the materials at this site also address the following topics:
- Using Debit Cards
- Prepaid Cards
- Saving Money When You Shop
- Buying and Using Phone Cards
- Sending Money Overseas
- Credit History
- Using Credit
- Payday Loans and Cash Advances
- Car Title Loans
- Managing Debt
- Scams and Identity Theft
Preparation
- Visit the Example Web site and go to the Help for You section then select Resources for Managing Your Money .
- Download the PowerPoint presentation for Opening a Bank Account.
- Review the material looking for vocabulary that may be new and pre-teach any new terms.
- Download and print (or distribute electronically) the Make a Budget Worksheet .
- Create a cloze exercise for the listening activity if your students need practice with listening.
How-To
- Cover the various aspects of banking: what are banks and credit unions?; How do they differ?; What are checking and savings accounts and how do they differ?; Why they would want either and how to choose the best one for their needs.
- For a listening exercise, use the Web site under "Managing Your Money." Have students go through the section on "Opening a Bank Account" and have them complete a cloze exercise while listening.
More Ways
There are many other topics here to extend learning about consumer economics and becoming financially literate.
Program Areas
- ABE: Adult Basic Education
Levels
- Intermediate
- High