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Math Lesson Idea: Balancing a Checkbook

Description

When your student feels comfortable with writing a check, teach how to reconcile the checkbook with the monthly bank statement.

Materials
Suggestions
  • Discuss the importance of keeping a balanced checkbook.
  • Explain the bank statement and discuss the terminology.
    • Deposit
    • Withdrawal
    • Transaction
    • Balance
  • Demonstrate the process using the Guide for Balancing a Checkbook
  • Encourage the use of a calculator for accuracy.
  • Make suggestions for finding errors. Check the math. Are all checks entered and correctly subtracted? Are all deposits and withdrawals recorded and correctly calculated?
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