1. All About Banking SS.4.FL.3.2 Explain that when people save money, they give up the opportunity to buy things now in order to buy things later. SS.4.FL.2.7 Planning for spending can help people make informed choices. Develop a budget plan for spending, saving, and managing income. Gr. 2 Financial Literacy

2. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 What are two of the most common types of bank accounts? How do each work? Essential Question

3. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Banking A bank is a safe place to keep your money. There are different types of accounts you can have at a bank. Two of the most common are savings accounts and checking accounts.

4. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Saving your money at the bank is better than a piggy bank. Not only is it safer, but banks pay you interest on a percentage of the money you keep in your savings account. No piggy bank does that! I think its time I open a savings account at a bank. The interest the bank will pay me for my savings will help my money grow faster over time.

5. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Another type of bank account is a checking account. A checking account is a bank account that allows you to write checks to pay for goods and services or to get cash. Unlike a savings account, a checking account does not pay you interest. Having your own checking account will make it easier to CASH that check grandma writes you for your birthday!

6. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Your parents have bills at the end of the month they must pay, like the electric bill and phone bill. For many years, most adults would mail a handwritten check. The person or business receiving the check would then go to the bank to either cash or deposit that money into their account.

7. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Today most adults do their banking electronically. They are able to use their bank accounts to pay their bills on their computers and mobile devices over the internet. No one has to set foot into a bank to access their money. Banking is more convenient than ever.

8. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Banks provide customers with debit cards that can be used to pay at stores or withdraw money at ATMs. ATM is short for Automated Teller Machine - another convenience of modern banking.

9. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Though writing checks is not as popular today as it was years ago, you still should know how to write a check. There are instances when you will find yourself with no other option but to write a check and do your banking in person, the old fashioned way. Guess I’ll have to stop by the bank to deposit some cash into my account. Bummer!

10. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Personal Check: When you write a check you are transferring money from your account to another person or business.

11. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Deposit or Withdrawal Slip: You need to fill out one of these slips when you want to deposit or withdraw money from your account.

12. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Let’s Role Play! Now you will assigned one of the four banking transactions below to role play with a partner. You will be given a role play handout to help you. Your teacher will be selecting volunteers to present their role play to the entire class. Opening a Bank Account Paying with a Check Depositing Money into an Account Using an Automated Teller Machine (ATM)

13. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Opening a Bank Account Characters Bank Clerk Sue Williams Robert Williams

14. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Paying with a Check Characters Katie (child) Robert (adult) Cashier

15. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Depositing Money into an Account Characters Mr. Rodriguez Kevin Andrea Bank Teller

16. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 Using an ATM Characters Ms. Gomez Brianna Mike Alyssa

17. Grade 2 Financial Literacy SS.4.FL.3.2, SS.4.FL.2.7 What are two of the most common types of bank accounts? How do each work? Essential Question

18. Sources Grade 2 Financial Literacy SS.4.FL.5.1, SS.4.FL.5.2 Lesson Adapted from: Help Save Money http://tncore.org/sites/www/Uploads/ELA%20Units/Grade2UsingBu dgettoHelpSaveMoneyReadingUnit.pdf Lesson Adapted from: Grade 2 Savings and Budget Resources http://www.takechargeamerica.org/wp- content/themes/tca/pdfs/teaching-resources/grade-two-savings-and- budget.pdf Discovery Education, (2006). Costs of a Pet: Calculating Expenses. [Video Segment]. Available from http://www.discoveryeducation.com