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
 Improved Slide (Beginning Lesson Effectively)
● “Good morning class! Happy Thursday! Thank you for getting all
your materials ready and following instructions (previous slide,
Slide 1). Today we’re going to continue our unit over financial
literacy. We have been learning lots of important information
such as fixed and variable expenses and different types of taxes.
Today, we’re going to be learning about advantages and
disadvantages of different methods of payments. But first, let’s
fill out our moods for the day and see how we’re feeling this
morning. (next slide, Slide 3)”
Share: How you are feeling today?:
Objective: Improved Slide-Directions
(MATH.5.10C) I can use a graphic
organizer to identify the
advantages and disadvantages of
different methods of payment.
“Let’s read our objective of the day! Can
someone from TEAMS unmute yourself and
read the objective please? (After student
reads) Thank you! Now, let’s read the
objective to ourselves and highlight or circle
any vocabulary words that you are not
familiar with.”
 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. BEFORE

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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 Let’s review our vocabulary. Improved Slide-Better Explanation

Advantage
Definition
Something (such as a good position or condition)
that helps to make someone or something better
or more likely to succeed than others.
Example
(The students are really into the movie Godzilla
vs. King Kong right now, they wouldn’t stop
talking about it, that’s the reason I picked the first
example)
• Godzilla has an advantage on King Kong
because he is a lot bigger and heavier than
King Kong.
• The family took advantage that it was warm
and sunny outside and went to the beach.
• Michael won the game because he was taller
than Abraham, so he was able to shoot more
balls.

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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. Before
Disadvantage
Definition Example

An unfavorable circumstance or Your favorite soccer player gets injured

condition that reduces the chances of so they’re not able to play the game.
success or effectiveness.

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 Let’s review our vocabulary. Improved Slide- Better Explanation
Disadvantage
Definition Example

Something that causes difficulty: something
that makes someone or something worse or
less likely to succeed than others.
• King Kong’s weight and height was a huge
disadvantage against Godzilla.
• Not knowing how to speak Chinese would
be a disadvantage if you go to China.
• Not having a high school diploma or a degree
could make it difficult to have a good job.

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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?
Improved Slide
Payment Method Picture Advantages Disadvantages

Cash
“We’re going to be working with
this table today. First, we’re
Credit Card going to go over the payment
methods and once we finish
Debit Card reviewing a payment method,
we’ll come back to the table to fill
out the advantages and
Electronic Payment disadvantages. Let’s start with
the payment method, cash.”
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
Bills: $1, $5, $1, $20, $50, our pocket or in a
and $100 wallet. We always
know how much
Coins: pennies, nickels, money we have or
dimes, quarters, half- we don’t have.We
dollars, dollar coins can lose our money
Image by Sally Jermain from Pixabay
and it will not be
given back to us or
reimbursed.

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
A small plastic card issued ● Accepted most
by a bank/credit union that places
allows a user to purchase ● Can earn rewards
goods or services ● Insured if lost or
immediately and pay the stolen
cost of the goods or ● It is like borrowed
services at a later time. money or a
loanEasy to
overspend
● High interest
Let’s look at the advantages and disadvantages of payment
paying with if not
a debit
paid in full each
card. month
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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

A small plastic card issued make purchases
by a bank/credit union that using money from
allows a user to purchase your bank account
goods or services (checking account)
immediately and the without the hassle
money is deducted of carrying cash.
immediately from the ● You can deposit
holder’s account. cash or checks
using the ATM or
your job can direct
deposit it to your
account.Not able
to make
Let’s look at the advantages and disadvantages of paying purchases
with an if there
is not enough
electronic payment. money in the
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account
 What are the advantages and disadvantages of using
an electronic payment?

Payment Method Picture Advantages Disadvantages

Electronic Payment ● Allows you to
A payment option to make purchases
purchase goods or online from home.
services online using a ● You can use any
debit/credit card, and electronic device,
electronic check, or an including your
electronic transfer. cellphone.Not
always safe to
submit personal
information online
because identities
Let’s look at the advantages and disadvantages of paying with
can bea stolen.
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
A written document that any amount of
asks a bank or credit money
union for a payment of a ● Safer than cash
certain amount of money because checks
from your account. can be cancelled if
lost or stolenTakes
time to carefully
balance a
checkbook to avoid
overspending
● Checks can
“bounce” if it
written for more
money than is in an
account.
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● Not really used
 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. In your math journal, complete the following sentence stems.

__________ and __________ are similar because __________.

____________________________________________________________________________________
____________________________________________________________________________________
__
____________________________________________________________________________________
____________________________________________________________________________________
__
____________________________________________________________________________________
____________________________________________________________________________________
__

__________ and __________ are different because __________.

____________________________________________________________________________________
____________________________________________________________________________________
__
___________________________________________________________________________________

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 Your Turn!
Go to the “Let’s Practice” activity next.
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