 Withdrawal: the act of taking money out of a bank account.
 Debit: an entry recording an amount owed, listed on the left-hand side or column of an account.
 Deposit: a sum of money placed or kept in a bank account.
 Credit: an entry recording a sum received, listed on the right-hand side or column of an account.
 Check: a written order directing a bank to pay money as instructed

 Step 1: Write the current date in the upper right hand corner in any form you like as long as it is legible.
 Step 2: Write the name of the person or company that is receiving the money in the
“Pay to the order of” line.
 Step 3: Write the dollar amount in numbers in the small box to the right of the “Pay to the order of” line with the $ sign.
 Step 4: Write out the amount using words for the whole dollar amount and a fraction for the cents in the line that ends with dollars. Use a line to fill the remaining space between the fraction and the word dollars.
 Step 5: Put a memo to remind yourself of what the purchase was in the memo line and sign your name, in cursive, on the lower right line.
.


Suppose you bought a laptop at Best Buy for $796.35, today. You forgot you debit card and don’t have that much cash on hand to buy, so you need to write a check.
0001 Student
123 American Way
Reality Town, USA
DATE ___________________
PAY TO THE
ORDER OF
$
DOLLARS
Reality Town Bank
Reality Town, USA
Memo ______________ ______
0000 000000 0000 0000000 00000 VOID


Suppose you bought Groceries at Winco for $74.27, today. You forgot you debit card and don’t have that much cash on hand to buy, so you need to write a check.
0001 Student
123 American Way
Reality Town, USA
DATE ___________________
PAY TO THE
ORDER OF
$
DOLLARS
Reality Town Bank
Reality Town, USA
Memo ______________ ______
0000 000000 0000 0000000 00000 VOID

 To do this we are going to be using a document known as a Check
Register.
 Today’s focus is on withdrawals and debits or as it says on your sheet
“Payment”
 What do you think needs to be done to balance your account?
 All you need to do is subtract the payment from the balance.

 Today, you are going to plan a large family meal and you need to go buy what you need.
 You are going to plan out your meal that have the following requirements:
 The meal must include enough food to feed at least 8 people
 The meal should include at least 3 side dishes (such as mashed potatoes, corn bread, etc.), one main course (such as a Turkey, Ham, etc.), and two different desserts.


Don’t forget to include any toppings that may need to be used.
You can only buy items that you are old enough to buy.
 Once you have selected your item(s) from one location, a group member needs to add them up and act as a cashier in running the purchase and processing a check.
Group members who do this need to put their initials next to the math and total
 Remember there is a 6% sales tax to add on
 Lastly, record your transactions in the Check Register.
 This packet and activity is a project grade for this class.

 How to write a check
 Deposits (credits)
 Payments/withdrawals (debits… think of debit card)
 Record all your transactions in the Check Register.
 This is a project grade. Take it seriously. It is due today before you leave.
 Finish your family meal planning and spending before beginning today’s activity.

 To do this we are going to be using a document known as a Check
Register.
 Today’s focus is on both Withdrawals and Deposits or as it says on your sheet “Payments” and Deposit.
 After yesterday’s lesson, what do you think we do with a deposit to a balance?

 Over drafting an account can cost a lot of money in extra fees and lead to you writing
“bad” checks.
 If you continually write “bad” checks, then you can get into serious legal troubles.
 Companies may begin to refuse to allow you to purchase items when you use a check/debit card.
 You need to make sure that you are not being overcharged by businesses you shop at.
 If there is a problem in your funds you can accurately show what happened to the money and compare with a banker, maybe even getting money back.

 Today, you are going to plan for gifts that you are going to give and you need to go buy what you need.
 You are going to plan for gifts that have the following requirements:
 You need to buy at least 6 gifts for friends and family.
 None of these gifts can be the same and NO, you can’t just buy gift cards
 Once you have selected your item(s) from one location, a group member needs to add them up and act as a cashier in running the purchase and processing a check.
Group members who do this need to put their initials next to the math and total
 Remember there is a 6% sales tax to add on
 I will come around to each group while you’re working and your group draws out a random event card that will either deposit money into your account or take money out of it.
 Groups who are on-task and doing good work may get a holiday bonus card.
 Groups who are not on-task or not performing well may get a fine.