Introduction

Let's assume that you have some money as well as a job. What do you do now?

  • Do you keep your cash in your wallet or always use a card?
  • How can you keep track of your money?
  • How can you be sure that you will have enough money to pay your bills?

Watch the video Money Management Scenarios (2:41) below to see an example of how your answers to the above questions can impact your life!

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Lesson Objectives

Following successful completion of this lesson, students will be able to...

  • Identify and discuss services provided by banks and credit unions

Enduring Understandings

  • There are long-term costs associated with borrowing money.
  • Banks offer many services.

The above objectives correspond with the Alabama Course of Study: Algebra with Finance standards: 2.