Students learn what money is, including recognition of money. Teaching Objectives: Understand the exchange value of coins. Learn the names of coins. Suggested Grade Level Pre-K – 2nd Grade Lesson Excerpt: Money is the medium of exchange for most goods and services. Different coins and paper money have different values. Children need the ability to … Continue reading What is Money?
Students learn about earning money, and how money is earned, is limited, and does not come free. Teaching Objectives: Recognize that money is earned from work done. Understand that money is limited in quantity. Suggested Grade Level Pre-K – 2nd Grade Lesson Excerpt: Adults must earn money to provide for their needs and wants. In … Continue reading Earning Money
Students learn about making spending plans and the importance of saving. Teaching Objectives: Identify categories for spending plans. Recognize the importance of saving some money for future needs. Suggested Grade Level Pre-K – 2nd Grade Lesson Excerpt: Preschool-aged children are capable of learning simple spending plans. Early training in categorizing money establishes patterns for future … Continue reading Spending Plans
Students learn about making spending decisions. Teaching Objectives: Gain self-confidence in making decisions. Analyze simple alternatives. Develop rational behavior patterns. Practice making decisions in structured situations. Suggested Grade Level Pre-K – 2nd Grade Lesson Excerpt: From birth, a child has choices. At first parents make the decisions, but before the end of the first year, … Continue reading Making Spending Decisions
Provides an overview to the economic way of thinking, which is the underlying theme in the Personal Financial Literacy standards. Teaching Objectives: Identify the steps in economic reasoning. Define the terms associated with economic reasoning. Demonstrate the ability to apply economic reasoning. Demonstrate the ability to use the PACED Decision-Making Model. Suggested Grade Level 6th … Continue reading Introduction: Economic Reasoning