Session Two: Invisible Money

Overview

Students learn about the different forms of money and how people use them to pay for goods and services. In the session, students watch and discuss Cha-Ching’s “Invisible Money” music video and examine the Many Ways to Pay! Poster.

Goal:

There are different forms of “spend”: cash, credit and debit cards, electronic payment and checks. Cash is visible and easy to see. Other forms are invisible because we don’t see it as money being spent.

Main Activity:

View and discuss Cha-Ching’s “Invisible Money” music video.
Role-play and examine the Many Ways to Pay! Poster

Guide for Volunteers and Teachers

Refer to Session Two in the Guide for Volunteers and Teachers.

Guide for Volunteers and Teachers

Key Terms and Objectives

Key Terms:

goods: items that are bought and sold. Another way to say this is goods are the things we spend money on
services: jobs done for others, such as haircuts or car repairs
cash: money in the form of bills or coins
debit card: a card that subtracts the cost of what you buy from the money you have in your checking account
credit card: a card that allows a person to pay later by borrowing the money (which is called “taking a loan”)
electronic payment: a way to pay for things using a phone or computer and the Internet
check: a written order to a bank to pay money to a person or business