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Middle School Course

2.5 Different Types of Payments

APPROXIMATE TIME: 60 MINUTES

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TEACHER FACING SLIDES

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ASSESSMENTS & GRADING

Please do NOT include any NGPF assessments or answer keys in your Nearpod lessons.

Each NGPF lesson ends with an Exit Ticket which NGPF recommends for grading.

IMPORTANT

GRADING TIP

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CUSTOMIZE IT!

Please review the Nearpod slides and customize the content and activities based on your teaching environment using Google Slides and/or Nearpod.

Delete teacher facing slides before facilitating lesson to your students!

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FACILITATION

Make sure you have the lesson guide available when you are facilitating (for time management, organization of lesson) and the answer key available when you are grading.

If a resource or activity in a lesson was not transferable to Nearpod there will be a teacher facing slide making you aware.

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2.5 Different Types of Payments

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JUMP$TART STANDARDS

Spending

4b: Explain how various payment methods are used to purchase goods and services
4c: Summarize the advantages, disadvantages, risks, and protections of various payment methods
4d: Choose and justify a preferred payment method for purchases of at least three different types of goods and services

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LESSON SKILLS

ELA SKILLS

Understand and summarize key topics from a text or visual
Participate in discussions and state ideas clearly

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MAKE A LIST

Imagine your parent or guardian is at the store buying a t-shirt and realizes they don’t have any cash in their wallet. What are other ways they could buy the t-shirt? List your responses on the next slide.

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REFERENCE: Other Types of Payments

Cash is quickly becoming a less popular way to purchase items as more people are using cards or apps on their phones to pay for things. First, your teacher will divide you into groups and assign each group one of four types of payments to read about. Then, your group will present a 30 second description of your payment type to the class and act out a 30 second skit in which you would use this payment type!

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VIDEO: FinCap Friday: Peer to Peer Apps Go Head to Head

The peer-to-peer apps you just learned about have become very popular in the past few years because they are a convenient way to pay others “on the spot.” On the next slide, watch the video to learn more about two of the most popular apps, Venmo and Cash App. Then, answer the questions that follow.

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PLAY: Which Payment Type Should They Use?

Now that you know about different types of payments, let’s practice choosing which types you can use in different situations! On the following slides, review the scenarios and then determine which payment types can be used. Note that some of the scenarios have multiple correct answers, so check all that apply!