Starter quiz
- 17.5 + 12.7 =
- '30.2' ✓
- 17.99 + 18.99 =
- '36.98' ✓
- 20 - 4.89 =
- '15.11' ✓
- 19.35 - 16.85 =
- '2.5' ✓
- When evaluating the answer to 5(2 + 6), what is the first step?
- 5 multiplied by 2
- 5 multiplied by 6
- 2 add 6 ✓
- 52 add 56
-
- Evaluate
- '10.2' ✓
Exit quiz
- A banking ______ is an event that causes money to move in or out of your bank account.
- 'transaction' ✓
- A bank ______ is record of all transactions that occurred during a set period of time.
- 'statement' ✓
- A ______ is a way to manage your money. It can be used to keep track of your expenditure and make sure that it does not exceed your income.
- 'budget' ✓
Below is part of a bank statement. What is the total amount paid in during the period shown?- '£40' ✓
- Below is part of a bank statement. What is the total amount withdrawn during the period shown?
- '£22.47' ✓
- Below is part of a bank statement. What was the balance before money was paid to Oak2 Mobile?
- '£29.35' ✓
Worksheet
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Presentation
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Video
Lesson Details
Key learning points
- Important financial information is contained in bank statements and pay slips
- This information can be used to create a personal budget
- My personal budget may need altering if circumstances change
Common misconception
If money earned is paid directly into a bank account then a payslip is not needed.
A payslip is an important document as money earnt and any money deducted can be checked to ensure someone is being paid what they are owed.
Keywords
Banking transaction - A banking transaction is an event that causes money to move in or out of your bank account.
Bank statement - A bank statement is record of all transactions that occurred during a set period of time.
Budget - A budget is a way to manage your money. It can be used to keep track of your expenditure and make sure that it does not exceed your income.
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