# KIDS Student Workbook

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this wiki

**kids classroom worksheets:**

**Worksheets**Edit

**Table of contents:**

Name Table Tent 2

**Unit 1 : Basics of banking**Worksheet 3

**Unit 2 : Checking & savings**Checks 4

Check Registers 5

Withdrawl/Deposit Ticket 6

Savings Deposit Tickets 7

**Unit 3 : Power of credit**Give Me Some Credit 8

Taking an Interest 9

**Unit 4 : Basic investments**Making Your Budget #1 10

Making Your Budget #2 11

Making Your Budget #3 12

Create a table tent for your name by tearing this sheet out and folding along the dotted lines. Write your name in big, clear letters and place at the front of your desk.

**Name:**

................................................................................................................................................................................

1. Circle all of the money that Gabe was given as a gift. What is the total amount of money that was a gift?

2. Underline all of the money that Gabe earned. What was the total amount of money that Gabe earned from working?

3. How much is the total of gifted and earned money?

4. What does it mean to earn money?

5. Have you ever earned money? What did you do to get this money?

6. Gabe wants to buy a new video game. It costs $30.00, including tax. Gabe wants to put the rest of the money in the bank. After he buys the video game, how much money will he have left?

7. Can you think of other ways that you can earn money? Write these ways down.

Birthday check from Grandma Kay

**$20.00**

Money for cleaning the garage

**$10.00**

Money for walking my little sister to soccer practice for 1 week

**$5.00**

Money for washing my dad’s car

**$5.00**

Birthday check from Auntie Ella

**$15.00**

Money for planting my grandma’s flower garden

**$7.00**

**Name**

......................................................................................

Once you receive instructions, fill out these sample checks.

**Checks**

**Name**

......................................................................................

Once you receive instructions, fill out these sample check registers.

**Check registers**Edit

**Name**

......................................................................................

Once you receive instructions, fill out this sample withdrawal/deposit ticket.

**Check withdrawal/deposit ticket**

**Name**

......................................................................................

Once you receive instructions, fill out these sample deposit tickets.

**Savings deposit tickets**Edit

**Name**

...................................................................

### Give me some credit!Edit

1. Mark each of the following statements True (T) or False (F). Gabe and Joy answered the first statement, but they need your help!

.... You don’t ever have to pay back a credit card.

.... Your credit rating will be better if you pay your bills on time.

.... If it takes you longer to pay your credit card bill, you will have to pay more money back.

.... It’s smart to always charge items on your credit bill..

.... An emergency is a good time to use a credit card.

.... Once you get a credit card, you should buy anything you want.

.... The credit company looks at how much money you make when deciding what your credit limit will be.

.... Your credit limit is the amount of money you are allowed to charge every month on your credit card bill.

.... If you don’t pay your credit card bill, you can still charge however much money you want on your credit card.

2. Joy’s mom is thinking about charging a sofa to her credit card. She will take one year to pay back her sofa. If the

sofa costs $800.00, and her APR interest is 20%, how much will the couch cost after she pays back the credit card, including interest?

(HINT: 800 X .20 = interest rate)

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3. How much will the couch cost when you add in the cost of interest, too?

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4. Would you charge items to a credit card if it means you will pay back more money than the item you bought is worth? Why or why not?

.......................................................................................................................................................................................

**Name**

..............................................

**Taking an interest**Edit

1. Joy’s family is going to buy a new car. The car costs $20,000.00. Joy’s family is going to take out a car loan from

the bank. The interest rate is 5%, and it will take her family 5 years to pay off the car. How much will the interest cost

on the car?

........................................................................................................................................................................................

2. How much will the car cost in all (interest + cost of car)?

........................................................................................................................................................................................

3. Gabriel’s family has a home loan for their house. The house costs $500,000. Their interest rate is 5%. It will take Gabriel’s family 30 years to pay off the loan. How much interest will they pay over 30 years?

4. How much will the house cost in all (interest + cost of house)?

**you can make your calculations here:**

**Name**

......................................................

**Make your budget #1**Edit

You are an 18-year-old high school graduate who makes about $15,000.00 dollars per year working as a cashier at Stop &Shop. Make your money work for you below. Figure out which bills you need to pay and which bills can be eliminated. You must find ways to save money in order to make your budget work for you. If you eliminate any of the expenses below, you have to give an alternative for it.

Figure out how much money you make per month.

......................................................................

Figure out what your expenses total is per month.

........................................................................

**Expenses:**

Rent $1000.00 per month

Food bill $200.00 per month

Bills (heat, electricity, water)

$200.00 per month

Cell phone $50.00 per month

Car payment $150.00 per month

Car insurance $75.00 per month

Entertainment$150.00 per month

(out to dinner, movies)

Clothes $200.00 per month

Gym membership $50.00 per month

Miscellaneous $50.00 per month

**Name**

....................................................

**Make your budget #2**

Edit

You are a 70-year-old retired person who makes about $10,000.00 dollars per year on social security benefits and the money that you have saved in a bank account. Make your money work for you below. Figure out which bills you need to pay and which bills can be eliminated. You must find ways to save money in order to make your budget work for you. If you eliminate any of the expenses below, you have to give an alternative for it.

Figure out how much money you make per month.

..............................................................................................

Figure out what your expenses total is per month.

..............................................................................................

**Expenses:**

Food bill $200.00 per month

Bills (heat, electricity, water) $200.00 per month

Home telephone $40.00 per month

Cable $40.00 per month

Car payment $150.00 per month

Car insurance $75.00 per month

Entertainment $150.00 per month

(out to dinner, movies)

Clothes $200.00 per month

Gym membership $50.00 per month

Miscellaneous $50.00 per month

**Name**

.....................................................

**Make your budget #3**

Edit

You are a 35-year-old college graduate who makes about 50,000 dollars per year working for a bank as a loan officer. You have a husband and 2 young children. Make your money work for you below. Figure out which bills you need to pay and which bills can be eliminated. You must find ways to save money in order to make your budget work for you. If you eliminate any of the expenses below, you have to give an alternative for it.

Figure out how much money you make per month.

.................................................................................................

Figure out what your expenses total is per month.

.................................................................................................

**Expenses:**

Mortgage payment $2,500.00 per month

Food bill $500.00 per month

Bills (heat, electricity, water)$300.00 per month

Insurance $250.00 per month

Cell phone $50.00 per month

Car payment $150.00 per month

Car insurance $75.00 per month

Entertainment $150.00 per month

(out to dinner, movies)

Clothes $200.00 per month

Gym membership $50.00 per month

Miscellaneous $50.00 per month