Name of Unit: Banking & Credit
Summary of Unit:
Students will evaluate available financial institution services and evaluate factors that affect the choice of credit the cost of credit and the legal aspects of using credit.

Stage 1 Identify desired results( Destination)
Established Goals
  • Students will demonstrate critical thinking and creative problem solving
  • Students will learn to make decisions, solve problems and apply learning and reasoning strategies.
  • Students will understand and use a variety of technologies.

Other Goals:
Common Core/ State Frameworks/Competencies
* Demonstrate personal responsibility and practice basic principles of citizenship in a democracy

Students will understand
  • The risks and rewards of online banking systems and other financial services
  • The difference between a credit and debit card
  • The 70-20-10 rule
Essential Questions:
Students will know… (Content)
  • How to select strategies to use in handling credit and managing debt
Students will be able to….
  • Open a mock checking account, enter transactions, and reconcile the account
  • Identify the types of consumer credit
  • Explain the advantages and disadvantages of using credit

Thinking and information processing

  • Recognize problems.
  • Devise and implement plans of action.
  • Generate new ideas through creative thinking.
  • Organize, interpret and communicate information.
  • Make decisions by specifying goals, considering risks and evaluating and choosing the best alternatives


  • Select the appropriate tool or equipment for the task, including computers and related technologies.
  • Use appropriate computer software applications for completing various jobs.

Stage 2: Determine Evidence for assessing Learning
(How will I know if they have reached the destination?)
Performance Task:
  • Complete check book transaction simulation and reconcile the account
Other Evidence:
  • Individual Project Rubrics
  • Class discussion
  • Online discussion
  • Project Scoring Criteria /Rubric (NEFE pg 58)
Stage 3: Build Learning Plan
(Road Map)

* Money smarts checking simulation( handout)
  • Online banking review/webquest
  • Payday simulation
  • NEFE unit 4: pg 45 Exercise 4B-Scavenger hunt for credit
  • Credit card comparison (hand-out)
  • Pg 49 Are you credit worthy? Identify your 4 C’s of credit
  • Online discussion: Managing your personal finances textbook- Id’s 5 C’s of credit
  • NEFE Unit Assessment pg 58 “Plan to handle credit”
  • What do credit cards cost( handout)
  • Dave Ramsey – Foundations in Personal Finance; Credit- DVD