# TEENS Student Workbook

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**Teen classroom worksheets:**

Worksheets

Table of contents:

Name Table Tent 2

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

Make Your Budget 4

**Unit 2 : checking & savings**

Checks 5

Check Registers 6

Withdrawl/Deposit Ticket 7

Savings Deposit Tickets 8

**Unit 3 : power of credit**

Give Me Some Credit 9

Taking An Interest 10

**Unit 4 : basic investments**Stock Market Literacy! 11

Invest with the Best 12

Invest with the Best Cards 13

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:**

**..................................................................................................................................................................**

**Unit 1 : basics of banking**

**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 $31.29, 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 $5.50

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

**Unit 1 : basics of banking**

**make your budget**

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

**unit 2 : checking & savings**

**name:**

**..................................................................................................................................................................**

Once you receive instructions, fill out these sample checks.

**checks**

**unit 2 : checking & savings**

**name:**

**..................................................................................................................................................................**

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

**check registers**

**unit 2 : checking & savings**

**name:**

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

**check withdrawal/deposit ticket**

**unit 2 : checking & savings**

**name:**

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

**savings deposit tickets**

**unit 3 : power of credit**

**name:**

**Give me some credit!**

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 $850.00, and her APR interest is 17%, how much will the couch cost after she pays back the credit card, including interest?

(HINT: 850 X .17=interest rate)

3. Gabe’s dad is thinking about putting this painting on his credit card. He’s decided that it will take him 1 year to pay the credit card bill. The painting is $2500.00. The APR interest is 15%. If it takes him 1 year to pay it back, how much will the painting cost in all?

(HINT: 2,500 X .15=interest rate)
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?

**unit 3 : power of credit**

**name:**

**taking an interest**

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 6%, 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)?

**unit 4 : basic investments**

**name:**

**stock market literacy!**

**Hey, let’s see if we can calculate some of our earnings! Circle the correct answer**

1. Suppose that you bought a share when it was low. You paid $25.00 for it and now it’s selling at $130.00 a share so, of course, you want to sell. What is the amount of your capital gains?

a. $105.00 b.$95.00 c. $5.00 d. $32.00

2. Suppose you bought ten of these shares for $25.00 each. How much did you pay for the ten shares?

a. $200.00 b. $250.00 c. $25.00 d. $2500.00

3. If your capital gains were $105.00 on each share, what are your capital gains on 10 shares?

a. $205.00 b. $105.00 c. $1050.00 d. $2500.00

**unit 4 : basic investments**

**name:**

**invest with the best**Edit

Gabriel’s grandfather has given him $10,000 to invest for college. It’s up to Gabriel to invest his money wisely! He wants to invest in a lot of different types of investments, including savings accounts, CDs, money market accounts, mutual funds, and stocks. In order to prove to his grandfather that he is a wise investor, Gabriel must come up with the most profitable way to invest your money over a 12 week period.

As a group decide how much of the $10,000 should be invested in each of the following:

Savings accounts and CDs

Money market accounts

Mutual funds (including number of shares in total)

Stocks (including number of shares in total)

Savings account

CD

**unit 4 : basic investments**

**invest with the best cards**

Cut the following cards out of their guide and shuffle them into a pile, with cards facing down.