This lesson introduces students to the concept of being responsible for managing money through accurate record-keeping.
- Apply math skills to balance a spending plan.
- Recognize the importance of keeping purchase records.
- Gain an understanding of spending behavior outcomes.
Suggested Grade Level
3rd Grade – 6th Grade
Successful money management includes keeping records of money spent. This includes having the skills to know how much money is available, how much money has been spent, and how much money must be saved for future needs.
This lesson introduces elementary-aged children to the concept of being responsible for managing money through accurate record-keeping. It provides them with activities that demonstrate the need to be accountable for how they spend and save money.
Failure to keep records and balances can lead to negative outcomes. Students need to understand the effects of their money-related behavior. Through educational experiences they can learn to be responsible for what they do with their money. This will help them become fiscally responsible adults.