Day 75

Lesson Objectives

  • Understand the importance of saving for both long-term and short-term goals.
  • Describe what a sinking fund is and identify purchases for which you would use a sinking fund.

Assignment BAU3.9

  1. Watch Video 3.3
  2. As you watch the video, record the missing words from pages 37-38 of the textbook as they pop up on the left side of the video screen by filling in this form.  (page 37-38) .
  3. Discussion Questions:
    1. When can you begin building wealth?
    2. What is the key ingredient when it comes to building wealth?
  4. Watch Video 3.4
  5. As you watch the video, record the missing words from page 39 of the textbook as they pop up on the left side of the video screen by filling in this form.  (page 39) .
  6. Discussion Questions:
    1. What is compound interest?
    2. How can compound interest help you grow wealth?
    3. What excites you most about investing?
    4. Explain how Ben ended up with more money than Arthur?

Assignment BAU3.10

  1. Make a copy of this Google Document (Espanol), rename it Sinking Fund-(Your Initials), and move it into your Lesson 3 folder.
  2. The purpose of this activity is to understand the importance of planning ahead and saving for large purchases. Students will experience how a sinking fund works.  Read the instructions within the document and complete each task as directed.

Assignment BAU3.11

  1. After completing the assigned tasks in Lesson 3 above, share your Lesson 3 folder with your teacher.  These are the files you should have in your Lesson 3 Folder:
    • Checking vs Savings
    • Types of Savings Accounts
    • My Choice
    • Five Foundations (poster)
    • Savings by Nation (Google Form)
    • Sinking Fund

Lesson 3 Quiz-BAU

  1. Complete the Lesson 3 Quiz for the Banking Unit.
    •