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

Subject Area: English Language Arts

Link(s) to the Newfoundland and Labrador English Language Arts Curriculum:
  • 4. Students will be expected to select, read, and view with understanding a range of literature, information, media, and visual texts.
    • 4.5 identify and use a variety of reading and viewing processes and strategies to construct meaning from texts.
  • 8. Students will be expected to use writing and representation to explore, clarify, and reflect on their thoughts, feelings, experiences, and learnings; and to use their imaginations.
    • 8.1 experiment with a variety of strategies as a language learner.
    • 8.2 use writing to extend, explore and reflect on ideas.
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: