Deposits vs Withdrawals

Create a simple but large check book register to help you to keep track of your deposits, withdrawals and bank balance.

Steps:

1. Get a piece of poster paper, a large ruler, and felt markers. You may also want to gather glitter, stickers or paint to decorate your bank register.

2. Put a large title at the top of the page, "My Bank Register". 

3. Divide your sheet into three columns and ten to twenty rows. 

4. Title the first row "Deposits", title the second column "Withdrawals", and title the third row "Balance" (Balance is how much money you have in your account).

5. Decorate the poster the way that you like and then hang it up somewhere that is easy for you to get to.

6. When you get money write down the amount in the "Deposits" column, add the deposit amount to your Balance and write the new balance in your third column.

7. When you spend money write down the amount in the "Withdrawals" column, subtract the amount from your balance and write the new balance in the third column.

The register will allow you to:

• Keep track of money received from allowance or earned through extra chores, good behavior, etc.  You should also record the reason for the deposit in addition to the amount of the deposit.
• Keep track of money spent on purchases. You should also record the reason for the withdrawal in addition to the amount of the withdrawal.
• Calculate a running total of the amount of money that you have available to spend.

Mark this activity as complete when you have created your register and are regularily keeping track of you withdrawals, deposits and bank balance.

Track your progress and earn badges!

This activity is included in the following:

• Brainy Banker Badge
• Bank On It Badge