Lesson Plan Why Do Families Choose To Save Money?
First Course - Social Studies
Activities
Something Good
Fiscal and Economic Concepts: Opportunity Costs
First Form – Social Studies
Standard 4 (Financial Literacy): Students will draw the economic choices people make to come across their bones economic needs.
Objective 1: Explain how goods and services see people's needs.
- Explicate the concept of exchanging coin to purchase goods and services
Objective 2: Recognize that people demand to make choices to meet their needs.
- Describe the economic choices that people make regarding goods and services.
- Depict why wanting more a person can have requires a person to make choices.
- Identify choices families make when ownership goods and services.
Something Good
By Robert Munsch
ISBN: 1550371002
Time: 50 mins
Materials: Volume-Something Practiced, by Robert Munsch, chalkboard, play money, handouts (in lessonplan)
Tyya's dad won't buy annihilation skilful at the store - no ice cream, no processed, no cookies. But when the saleslady puts a price sticker on Tyya'south nose, Daddy is finally forced to buy something practiced.
Read the story, Something Proficient. Discuss, as a whole group, needs, wants, and choices. Complete a flashcard activity helping students to label wants and needs. In a small group practice counting money and discuss toll. Students independently complete "The price is Incorrect" worksheet demonstrating an understanding for making choices and counting money.
Complete Lesson Plan (pdf)
Activity (pdf): Discuss the departure between Wants and Needs then have students color pages and circle Desire or Need for each item.
Music Connection
Making Choices
Financial and Economic Concepts: Wants and Needs
First Grade – Social Studies
Standard 4 (Financial Literacy): Students will describe the economic choices people make to meet their basic economic needs.
Objective 1: Explain how goods and services meet people'southward needs.
- Identify examples of goods and services in the domicile and in the school.
- Explain ways that people exchange goods and services.
- Explain how people earn money by working at a task.
- Explain the concept of exchanging coin to purchase goods and services.
Objective ii: Recognize that people need to make choices to encounter their needs.
- Describe the economical choices that people make regarding goods and services.
- Describe why wanting more than a person can have requires a person to make choices.
- Identify choices families make when buying goods and services.
- Explain why people save money to buy goods and services in the future.
Alexander, Who Used to Exist Rich Last Sunday
By Judith Viorst
ISBN: 0689711999
Fourth dimension: 50 minutes
Materials: Book- Alexander, Who Used to be Rich Last Sunday by Judith Viorst, toy catalogs, drawing newspaper, mucilage/record, crayons, play money and the handouts from the lesson.
Although Alexander and his coin are quickly parted, he comes to realize all the things that can exist done with a dollar.
As a large grouping, read aloud Alexander, Who Used to exist Rich Terminal Sunday. Discuss his spending decisions, learning nearly opportunity cost, goods and services, incentives, and savings as you go. Students volition independently complete a Making Choices worksheet. And then participate in two small group activities to reinforce the concepts of goods and services and saving and incentives.
Complete Lesson Program (pdf)
Comprehension Questions (pdf)
Music Connectedness
Jobs
Financial and Economical Concepts: Career Direction/Earning an Income
Outset Grade – Social Studies
Standard 4 (Fiscal Literacy): Students will describe the economic choices people brand to encounter their basic economical needs.
Objective ane: Explain how goods and services meet people's needs.
- Explicate how people earn coin by working at a job.
- Explain the concept of exchanging money to purchase goods and services.
Objective 2: Recognize that people need to make choices to meet their needs.
- Describe the economic choices that people brand regarding goods and services.
- Explain why people save coin to buy appurtenances and services in the hereafter.
Deport About Town
Past Stella Blackstone
ISBN: 978-1841483733
Time: 45 minutes
Materials: Deport About Town, by Stella Blackstone, cartoon paper, crayons, handout (plant in lesson plan)
Read aloud Bear Nearly Town. Discuss the jobs, businesses, tools and uniforms from the story. Students volition depict a picture of themselves doing a job, including tools uniform, etc. In a small group, students will larn about earnings, paychecks and spending choices, and complete the Paycheck Spending worksheet.
Complete Lesson Programme (pdf)
Goods and Services
Financial and Economic Concepts: Goods and Services
First Grade – Social Studies
Standard 1 (Culture): Students will recognize and describe how schools and neighborhoods are both similar and unlike.
Objective 2: Recognize and identify the people and their roles in the school and neighborhood. Explain how these roles change over fourth dimension
- Explain the roles of the people in the neighborhood (e.g., police officeholder, firefighter, mail carrier, grocer, mechanic, plumber, miner, farmer, doctor, and tribal leader).
Standard 4 (Financial Literacy): Students will draw the economic choices people brand to meet their basic economic needs.
Objective 1: Explain how goods and services run into people'south needs.
- Place examples of goods and services in the home and in the school.
- Explicate ways that people commutation goods and services
Time: 45 minutes
Materials: Small-scale index cards, drawing paper and crayons
Using a number of online interactive activities, small and large group discussions and games, students will be able to identify the differences between people who provide goods or services. They will likewise identify jobs that people do in their community.
Online Interactive Activities
Savings Accounts and Interest
Fiscal and Economic Concepts: Savings
First Grade – Social Studies
Standard four (Financial Literacy): Students will describe the economical choices people make to encounter their basic economic needs.
Objective 2: Recognize that people need to make choices to meet their needs.
- Explain why people save money to buy goods and services in the futurity.
The Berenstain Bears' Trouble with Money
By Stan & January Berenstain
ISBN: 978-0394859170
Time: 45 minutes
Materials: Book- The Berenstain Bears' Trouble with Money past Stan and Jan Berenstain, chalkboard, play money, cartoon paper, crayons, handout (included in the lesson)
Students learn about saving money, banks and interest through the Berenstain Bears' story, discussion, drawing pictures and the NestEggs and tables worksheet.
Complete Lesson Programme
The Ant and the Grasshopper
Financial and Economic Concepts: Scarcity and Choices
First Grade – Social Studies
Standard four (Financial Literacy): Students will describe the economic choices people brand to meet their bones economic needs.
Objective 1: Explain how goods and services meet people'south needs.
Objective ii: Recognize that people need to brand choices to run across their needs.
Ane summer'southward 24-hour interval, in a field nearby, a Grasshopper was hopping most, chirping and singing to its heart's content. An Ant passed by, struggling to carry an ear of corn he was taking to his nest.
"Why not come and chat with me," said the Grasshopper, "instead of working so hard?"
"I am helping to store up food for the winter," said the Ant, "and I recommend that you do the same."
"Why bother about winter?" asked the Grasshopper; "we have plenty of nutrient right now."
But the Ant went on its style and continued its work.
When winter came the Grasshopper had no food and found itself hungry and weak, while it saw the Ants eating corn and grain every day from what they had collected all summer.
Then the Grasshopper knew: It is all-time to work and salve things nosotros will need later.
Discuss the following questions about "The Ant and the Grasshopper" with students.
- What were the ants saving for? [Food for the winter]
- What did the ants requite up? [Time playing or relaxing]
- What was the grasshopper's opportunity toll? [Nutrient for winter]
- What have you had to give up to go something else? [answers volition vary]
Opportunity toll: The second-best alternative (or the value of that alternative) that must be given up when scarce resources are used for one purpose instead of another.
Optional Color Page (pdf)
The Ant and the Grasshopper (ppt)
Pismire and the Grasshopper Audio
Music Connexion
A Gift for Mama
Fiscal and Economic Concepts: Savings and Financial Investments
First Course – Social Studies
Standard 4 (Financial Literacy): Students will describe the economic choices people make to run across their basic economical needs.
Objective one: Explain how appurtenances and services meet people's needs.
Objective 2: Recognize that people demand to make choices to meet their needs.
A Souvenir for Mama
by Esther Hautzig
ISBN: 0-1403-8551-seven
In this lesson, students read a story nearly a young girl named Sara. Sara has e'er made gifts for her family for special occasions. For Mother'due south Mean solar day, Sara decides she wants to buy a souvenir for her mother. Later on reading and discussing the story, students will create a booklet in which they've illustrated Sara's short-term savings goal and their own short-term savings goal.
Materials:
A Gift for Mama, by Esther Hautzig, a copy of Activity 1 (pdf), for each student, scissors and 5 pieces of tag board for each student, tape and art supplies
Complete Lesson Program
Activity 1 (pdf)
Optional Lesson Plan and Action
Source: https://financeintheclassroom.org/passport/first/social_studies.shtml
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