PFL U2 LE1 Slides
BELL RINGER Unit 2: Banking, Taxes & Insurance • Lesson 1
10:00 TIMER
GET READY
Grab your spiral from the class tray.
Check the paper tray for today's handout.
Check the Turn-It-In Bin for graded work.
In your spiral, write today's date.
Write: Unit 2, Lesson 1 — Banking Basics
WHAT HAPPENED?
📱 Your banking app says you have $126.
💸 You spend $85.
❌ Later that night, your card gets declined.
How could that happen?
👉 Write your best guess in your spiral. You do NOT need to know the correct answer yet.
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🎒 Independent Workstation Mode Enabled
Unit 2: Banking, Taxes & Insurance Grade 12 Personal Financial Literacy
LESSON 1
BANKING
BASICS
💡 Where Did My Money Go?
Taking control of your cash starts with knowing how bank accounts work in the real world. Let's make sure your money stays exactly where it belongs.
TEENS BANK DEBIT CARD
•••• •••• •••• 4892
JOHN DOUGH
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🏠 Welcome to Lesson 1
ROADMAP FOR SUCCESS Unit 2: Banking, Taxes & Insurance • Lesson 1
TEKS Standards: C2(A), C2(B)
Learning Objective
I can track money going into and out of a bank account, compare my records with bank records, and explain why keeping accurate records helps me know how much money I really have available.
Ready to track your financial details
Essential Question
Why might the balance shown by my bank be different from how much money I actually have available to spend?
Let's uncover the answer today
🎯 Keep these goals in mind as you work!
CHECKING VS. SAVINGS Your two primary financial tools
🏦 Banking 101
💳
Checking Account
Money used for everyday spending
This is your active, daily-use account. Funds constantly flow in and out.
👉 Real-Life Examples: Gas, fast food, phone bills, movie tickets.
🐷
Savings Account
Money being set aside for later
This account is for building safety nets or saving up for major future targets.
👉 Real-Life Examples: Emergency cash, car savings, buying a laptop.
💡 Keep checking and savings separate for better tracking
MONEY IN / MONEY OUT How cash flows through your bank account
💳 Cash Flow Rules
Core Concepts
📥
Deposit = Money going IN (+)
📤
Withdrawal = Money going OUT (−)
(Includes purchases, bills, and card payments)
🔄
Transaction = Any activity that changes your account balance.
Visual Balance Timeline
💵 Starting Balance: $100.00
💼 Deposit Paycheck: +$50.00
🛒 Buy Groceries: -$30.00
⚖️ Ending Balance: $120.00
📈 Every deposit adds to your total, and every withdrawal subtracts from it
THE BANK APP TRAP Why the number on your screen might deceive you
⚠️ App Warning
TeensBank App
Displayed Balance
$118.00
Pending Charges:
📱 Phone Bill -$65.00
⛽ Gas Station -$35.00
Scenario Reality Check
Your phone says you have $118. But you already spent $100 on gas and phone bills that are still processing (pending).
📱 Displayed App Balance: $118.00
⏳ Minus Pending Charges: -$100.00
⚖️ Money Actually Available: $18.00
🚨
Money you already spent is GONE, even if the bank hasn't finished processing it yet!
🔒 Do not let display balances trick you into accidental overdraft fees
KEEP TRACK / RECONCILE Your ultimate defense against overdraft penalties
⚖️ Financial Defense
Defense Arsenal
✍️ BANK ACCOUNT REGISTER
Your personal, real-time running record of every transaction you make. You write it down IMMEDIATELY.
⚖️ RECONCILE (reck-on-cile)
To compare your personal register with the bank statement to verify that both records completely match.
THE GOLDEN RULE
DON'T SPEND
MONEY TWICE
Your personal record keeps track of the pending money you've already spent, protecting your balance in real time.
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📝 Always compare your records to know what you actually have available
THE PAYCHECK DISASTER Ready to solve today's big banking puzzle?
30:00 TIMER
📝
MISSION CHECKLIST
1 Track Jordan's Money: Calculate the running register balance step-by-step.
2 Analyze the App: Spot which transactions are still pending.
3 Reconcile Records: Make the records match and check the actual available balance.
4 Plot Twist & Decision: Your teacher will assign your group one Plot Twist on Page 2. Apply it and decide whether your choices need to change. Solve the final mystery!
👥
COLLABORATION
Work in groups of 2–3 students using the provided 2-page handout.
Voice Level: Level 2 (Collaborative)
NEED HELP?
👉 Use Slides 5–8. Everything you need is right there!
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🎒 Stay focused, compare those details, and crack the mystery!
VOCABULARY Master the core concepts of banking and transactions
05:00 TIMER
🔥 CHOOSE 4
💳 Checking Account
🐷 Savings Account
📥 Deposit
📤 Withdrawal
🔄 Transaction
📄 Bank Statement
📝 Bank Account Register
🚨 Overdraft
STUDENT DIRECTIONS
1
CHOOSE
Choose 4 vocabulary words from the word bank on this slide.
2
WRITE
Write the 4 chosen words down in your personal spiral.
3
OPEN
Go to Canvas → Modules → Unit 2 Lesson 1.
4
FIND
Open the lesson PDF and go directly to the LAST SLIDE.
5
FINISH
Write the definition for each of your 4 words in your spiral.
⚠️ RECALL: You need exactly 4 words + 4 definitions.
📝 Vocabulary definitions are stored securely on the final slide of this deck
READY TO EXIT? Verify all required work is completed before wrapping up
🏁 Work Checklist
COMPLETION CHECKLIST
☐ The Paycheck Disaster is complete.
☐ Turn in your completed worksheet.
☐ 4 Lesson 1 vocabulary words + definitions are complete in your spiral.
☐ Show your spiral to Ms. Cummings for checking.
☐ Return your spiral to the class tray.
☐ Clean your area.
✓
CRITICAL REQUIREMENT
WORKSHEET TURNED IN
+
SPIRAL CHECKED
=
DONE
Double-check your workstation to make sure it's fully cleaned before taking off!
🏁 Finished? Excellent work today, your defensive banking journey has officially begun!
UNIT 2 LESSON 1 VOCABULARY DEFINITIONS Reference guide for completing your spiral definitions
📖 Final Slide
Checking Account
A bank account used for everyday spending, deposits, withdrawals, and payments.
Savings Account
A bank account used to set money aside for future needs or goals.
Deposit
Money added to a bank account.
Withdrawal
Money taken out of a bank account.
Transaction
Any activity that adds money to or removes money from an account.
Bank Statement
A record from a bank showing the activity in an account during a specific period.
Bank Account Register
A personal record used to track money going into and out of a bank account and the running balance.
Overdraft
When you spend or try to spend more money than you have available in your account.
📖 Feel free to reference this slide to complete your spiral work!