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Earning, Spending, Budgeting, A Kid’s Guide to Money (BC)

Subject Area: English Language Arts/Applied Design, Skills, and Technologies

Links to British Columbia English Language Arts and Applied Design, Skills, and Technologies Standards Curriculum:
  • B2 – read fluently and demonstrate comprehension of grade appropriate information texts, with some specialized language and some complex ideas
  • B8 – respond to selections they read or view, by expressing opinions and making judgments supported by explanations and evidence
  • C2 – write a variety of effective informational writing for a range of purposes and audiences that communicates ideas to to inform or persuade
Links to the New Applied Design, Skills, and Technologies Framework:
  • Acquire practical skills and knowledge that they can use to bring their ideas from conception to fruition
  • Develop a lifelong interest in designing, making, and evaluating products, services, and processes inform or persuade
Brief Overview of the Lesson:

The activity involves reading and completing an Internet brochure called “A Kids Guide to Money.” The students will complete a sample budget worksheet. They will learn about several money topics: earning, spending, saving, needs and wants.

Estimated Time Required for Implementation:

One class period

Materials Needed:

Computers

Suggested Implementation Strategy:
  • Ask the students what they know about money concepts. Do they know what “opportunity cost” means?
  • Tell the students that today they will learn what opportunity cost is and learn about several other money concepts.
  • Tell them to open the following website and instruct them to read this brochure and complete the activities.
    https://www.clevelandfed.org/learningcenter/great-minds-think.aspx
Options for Consideration:
  • The teacher may want to put the students in groups to do this activity.
  • If computers are not available, a smart board could be used to make this a whole class activity.
Extended Learning Opportunities:
Articles: