27.10
Article 5: Banks, Credit Unions, and Credit Cards Word Count: 151 Vocabulary: credit cards: small pieces of plastic that let you buy something now and pay for it later interest: extra money we pay back over time in order to use money now loan: money a bank gives to someone so they can pay for something expensive owe: money that you have to repay High Impact Teaching Strategies: Collaborative Learning, Worked Example Lesson plan: 1. Give students a few minutes to earn some more money with the graphic organizer Working for My Earnings. Have them add their earnings to their piggy banks. 2. Put students in groups and have them use the reciprocal teaching method to read the article. For information on the Reciprocal Teaching Method, see the video “Reciprocal Teaching Method.” 3. Have each group share their summary of their assigned paragraph with the class. 4. Have the students get their piggy banks and find the sum (model how to add and record amounts of money to the class) of how much money they earned during the week. Give them a sticky note to record the amount. Have them put the sticky note in the piggy bank with the money. 5. Have students write two important things they learned about banks, institutions, and credit cards in their interactive notebooks. Allow struggling writers to draw pictures and share orally. Article Assessment Questions: 1. What do banks and credit unions help you do?
a. earn money b. save money
c. donate money d. spend money 2. What do credit cards allow people to do? a. invest their savings
b. volunteer at a charity c. buy now and pay later d. afford a new house or car
Materials Needed: Sticky notes Previously made piggy banks Graphic organizer Working for My Earnings Online Related Media: Video: “Reciprocal Teaching Method” Extended Reading Articles: N/A
Economic Choices | Week 27
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