Junior Achievement 3.3 “Make It Count”. Let’s review our vocabulary:

Junior Achievement3.3

Junior Achievement3.3

“Make It Count”“Make It Count”

Let’s review our vocabulary:Let’s review our vocabulary:

Let’s review our vocabulary:Let’s review our vocabulary:

Check: Check:

Let’s review our vocabulary:Let’s review our vocabulary:

Check:

A written order to a bank, credit union, or other financial institution to pay a certain amount of money from one account to another person, business, or organization.

Check:

A written order to a bank, credit union, or other financial institution to pay a certain amount of money from one account to another person, business, or organization.

Let’s review our vocabulary:Let’s review our vocabulary:

Endorse: Endorse:

Let’s review our vocabulary:Let’s review our vocabulary:

Endorse:

To sign your name on the back of a check to make it payable.

Endorse:

To sign your name on the back of a check to make it payable.

Let’s review our vocabulary:Let’s review our vocabulary:

Income: Income:

Let’s review our vocabulary:Let’s review our vocabulary:

Income:

Payment for the use of resources, such as salaries from a job.

Income:

Payment for the use of resources, such as salaries from a job.

Let’s review our vocabulary:Let’s review our vocabulary:

Net Deposit: Net Deposit:

Let’s review our vocabulary:Let’s review our vocabulary:

Net Deposit:

The amount of money put into an account minus any cash received.

Net Deposit:

The amount of money put into an account minus any cash received.

“By failing to prepare, you are preparing to fail.”

-Benjamin Franklin

“By failing to prepare, you are preparing to fail.”

-Benjamin Franklin

Do you agree with this statement? Why or why not?

Do you agree with this statement? Why or why not?

Please write your response in the Daily Writing Prompt.

Please write your response in the Daily Writing Prompt.

Why is it important to plan your spending before you actually spend

any money?

Why is it important to plan your spending before you actually spend

any money?

Today you will learn how to make a deposit into a checking account and the importance of carefully planning how to spend your income.

Today you will learn how to make a deposit into a checking account and the importance of carefully planning how to spend your income.

Remember, successful participation at JA BizTown depends on your

money management skills!

Remember, successful participation at JA BizTown depends on your

money management skills!

We now know how to write a check, but how do we keep track of all the

money going in and out of a checking account? Any ideas?

We now know how to write a check, but how do we keep track of all the

money going in and out of a checking account? Any ideas?

In order to properly manage a checking account, you must know how to make a bank

deposit and balance a check register.

In order to properly manage a checking account, you must know how to make a bank

deposit and balance a check register.

Check Register:

A record of transactions made to a checking account.

Check Register:

A record of transactions made to a checking account.

Have you ever seen a check register?

What is on it?

Have you ever seen a check register?

What is on it?

Deposit Ticket:

A written record of money put in a bank account.

Deposit Ticket:

A written record of money put in a bank account.

One of the most important parts of the deposit ticket is the net deposit.One of the most important parts of the deposit ticket is the net deposit.

Review: What is a net deposit?Review: What is a net deposit?

A net deposit is the amount of money deposited in an account

minus any cash received.

A net deposit is the amount of money deposited in an account

minus any cash received.

Why is this an important part of a deposit ticket?

Why is this an important part of a deposit ticket?

Now turn to page 41 in your workbook. As a class, complete the

questions and check register.

Now turn to page 41 in your workbook. As a class, complete the

questions and check register.

Why is it important to be accurate and kept up to date on a check

register?

Why is it important to be accurate and kept up to date on a check

register?

Now, complete the Word Map on page 42 of your workbook.

During our next lesson, you will be able to practice these skills as you continue to

prepare for JA BizTown!

Now, complete the Word Map on page 42 of your workbook.

During our next lesson, you will be able to practice these skills as you continue to

prepare for JA BizTown!