This is a fill in the blank note sheet for a mini lesson on interest, commission, taxes, and finance charges. The notes are designed to be used with the Financial Literacy: First Steps, Days of Interest slideshow (available in a pdf), but it can be modified based on your specific needs. This is a great way to keep students involved in the lesson while the basic concepts of interest, taxes, percent increase and decrease, and commission are being introduced.
"Financial Literacy: First Steps" is designed to develop students' basic knowledge of some of the life skills they will need when they deal with the real economic world. Our unit includes personal budgeting, needs versus wants, wages, banking, taxes, and protecting one's personal financial resources. At the conclusion of the study, students will know the finances of employment, how to apply reliable information and systematic decision-making to personal financial decisions, and recognize and accept differences among peers' values and attitudes about money.
If you would like to see more of the activities available from the Financial Literacy: First Steps unit consider:
Unit Agenda: Can Money Go Up in Smoke?; Heady Percents; Fractions-Decimals-Percents; Intro to Really Large Numbers; Percent Increase and Decrease: Itemized Spending Log; Journal; Days of Interest Notes; Number Line Creations; Payments/Bonuses; Price of Gasoline; Transaction Ledger