Here’s another approach to introducing or reinforcing the vocabulary of banking:  a three minute rap.

Here’s the vocabulary your students can cover:

• Interest from savings
• Checking
• Savings
• Debit card
• Checks
• Bounced checks
• FDIC (federally insured)
• Credit Union
• Check cashing spots
• Withdrawal
• Deposit
• ATM Fees
• Annual Fee
• Minimum balance
• Principal
• Principal X Rate X Time = Simple interest

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.