Welcome to Math Class

Prepare yourself doing the following:

● Make sure you are muted
● Get math materials ready
● Keep camera on during class
● Open your Math Class in the HUB
Share: How you are feeling today?:
Objective:
(MATH.5.10C) I can use a graphic
organizer to identify the
advantages and disadvantages of
different methods of payment.
 Let’s review our vocabulary.

Payment Method

The way an individual

chooses to pay for goods or
services.

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 Name one of the payment methods we have been
talking about!

GIPHY (2021)

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 Let’s review our vocabulary.

Advantage

A condition or circumstance Example:

that puts one in a favorable When a soccer team plays a
or superior position. game in their home stadium.

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 Can you think of another example for the term
advantage?

GIPHY (2021)

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 Let’s review our vocabulary.

Disadvantage

An unfavorable
circumstance or condition
that reduces the chances of
success or effectiveness.
Example:
The best soccer player of
the team gets injured so
they’re not able to play the
game.

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 Can you think of another example for the term
disadvantage?

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 What are the different ways we can pay for items?
Payment Method Advantages Disadvantages

Cash

Credit Card

Debit Card

Electronic Payment

Checks

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 What are the advantages and disadvantages of using
cash?

Payment Method Picture Advantages Disadvantages

Cash • We can keep cash in • We can lose our
Bills: $1, $5, $1, $20, $50, our pocket or in a money and it will
and $100 wallet. not be given back
• We always know how to us or
Coins: pennies, nickels, much money we reimbursed.
dimes, quarters, half- have or we don’t
dollars, dollar coins have.
Image by Sally Jermain from Pixabay

Let’s look at the advantages and disadvantages of paying with a credit

card.
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 What are the advantages and disadvantages of using a
credit card?

Payment Method Picture Advantages Disadvantages

Credit Card ● Easy to carry ● Easy to
A small plastic card issued ● Accepted most places overspend
by a bank/credit union that ● Can earn rewards ● High interest
allows a user to purchase ● Insured if lost or payment if not
goods or services stolen paid in full each
immediately and pay the ● It is like borrowed month
cost of the goods or money or a loan
services at a later time.

Let’s look at the advantages and disadvantages of paying with a debit

card.
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 What are the advantages and disadvantages of using a
debit card?
Payment Method Picture Advantages Disadvantages

Debit Card ● Allows you to make ● Not able to make

A small plastic card issued purchases using purchases if there
by a bank/credit union that money from your bank is not enough
allows a user to purchase account (checking money in the
goods or services account) without the account.
immediately and the hassle of carrying ● Charged large
money is deducted cash. fees if the account
immediately from the ● You can deposit cash is overdrawn.
holder’s account. or checks using the
ATM or your job can
directly deposit it to
your account.

Let’s look at the advantages and disadvantages of paying with an

electronic payment.
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 What are the advantages and disadvantages of using
an electronic payment?

Payment Method Picture Advantages Disadvantages

Electronic Payment ● Allows you to make ● Not always safe to
A payment option to purchases online from submit personal
purchase goods or home. information online
services online using a ● You can use any because identities
debit/credit card, and electronic device, can be stolen.
electronic check, or an including your
electronic transfer. cellphone.

Let’s look at the advantages and disadvantages of paying with a check.

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 What are the advantages and disadvantages of using a
check?

Payment Method Picture Advantages Disadvantages

Check ● Can be written for ● Takes time to
A written document that any amount of carefully balance a
asks a bank or credit money checkbook to avoid
union for a payment of a ● Safer than cash overspending
certain amount of money because checks can ● Checks can
from your account. be cancelled if lost “bounce” if it written
or stolen for more money
than is in an
account.
● Not really used
anymore.

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 What are the advantages and disadvantages of using a
check?

Pritchard, J. (2021)

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 Compare and contrast two of the payment methods we learned about
today. Complete the following sentence stems.

__________ and __________ are similar because __________.

_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

__________ and __________ are different because __________.

_____________________________________________________________________________________
_____________________________________________________________________________________
___________________________________________________________________________________

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Created by HISD Curriculum using Google Slides
 Your Turn!
Go to the “Let’s Practice” activity next.
Created by HISD Curriculum using Google Slides