Virtual Money Fair

Please select the virtual money fair page for your desired province below. (Note: we’ll be adding every province in the coming days, so check back soon if yours isn’t listed yet)

Close this Window
A Program of CA

Supported by

Back to Resources Print

Let’s Talk Spending Habits (BC)

Subject Area: English Language Arts

Links to the British Columbia English Language Arts Curriculum:
  • A1 – use speaking and listening to interact with others for the purposes of
    • contributing to group success
    • discussing and analysing ideas and opinions (e.g., debating)
    • improving and deepening comprehension
    • discussing concerns and resolving problems
    • negotiating consensus or agreeing to differ
  • A2 – use speaking to explore, express, and present a range of ideas, information, and feelings for different purposes and audiences
Links to the New Learning Standards:
  • Think critically, creatively, and reflectively to explore ideas within, between, and beyond texts
  • Exchange ideas and viewpoints to build shared understanding and extend thinking
Brief Overview of the Lesson:

Often children spend money without regard for how much of their money and how their choices affect themselves and others. In order to be a financially responsible adult they need to develop an awareness of their spending habits and whether or not their habits need to be modified to ensure that they have proper priorities. Developing wise approaches to money now will provide them with a stable future.

Estimated Time Required for Implementation:

One class period

Materials Needed:

Copies of the handout “What Are Your Spending Habits?”

Suggested Implementation Strategy:
  • Talk with the class about different types of “spenders” — those who plan carefully, those who are impulse spenders who make quick decisions on the spur of the moment, those who don’t like to spend their money, those who like to comparison shop, etc.
  • Tell the class that they are each going to complete a quiz to develop a personal awareness of what kind of spender they are.
  • Once they have completed the quiz, arrange them into small groups and ask them to discuss their spending habits with their peers and their thoughts about the quiz questions.
  • Ask the groups to discuss how might their habits and attitude towards spending money in the future be different, now that they have thought more about their spending habits.
Extended Learning Opportunities:
  • Ask the class to take home the quiz and discuss it with their families.
What Are Your Spending Habits?

Circle the best answer.

If I want to buy something:
1. I wait until I have enough money to buy it.
2. I ask my parents or guardian to buy it for me.
3. I check the prices to find the best deal.
4. I take the money out of my bank.

When I get a credit card I will likely:
1. Use it as little as possible.
2. Go on a shopping spree.
3. Pay off my balance as soon as I get my bill.
4. Charge a lot of things because I am sure that I can pay it off quickly.

My thoughts about saving money are:
1. I know I should save money but I never seem to have any money to save.
2. Saving money is easy for me, I save most of my money.
3. I make a point of always putting some of my money in the bank.
4. I believe in living for today, so I don’t save.

Spending money makes me feel:
1. Very happy, it cheers me up!
2. Guilty, I think I should be saving more.
3. Spending money has nothing to do with my being happy or sad.
4. Proud that I was able to save the money to purchase what I wanted.