Link(s) to the Newfoundland and Labrador Family Studies Curriculum:
- Money Management and Consumerism
1. To become aware of some basic principles related to money management.
1.1 To explore attitudes and values that influence spending and saving
Brief Overview of the Lesson:
The students will look at several famous quotes about money. They will discuss the quotes in groups and share their interpretations of the money messages that are suggested in each quote.
Estimated Time Required for Implementation:
One class period
- A copy of the money quotations provided.
Suggested Implementation Strategy:
- Before the class begins, cut up the money quotes into strips and write the following
quote on the board.
“Annual income twenty pounds, annual expenditure nineteen six, result happiness.
Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.”
— Charles Dickens
- Ask for a volunteer to read it aloud and ask what message about money is suggested by this quote.
- Divide the class into small groups and explain that each group will be given several quotes to read and discuss. Then each group will read their quotes to the rest of the class and give their explanation about what they think the quote is trying to tell the reader about money.
- Randomly hand out the quotes to the groups.
- Each group shares their quotes by reading it, giving an explanation of what they decided it means, and asking the rest of the class for any other possible interpretations.
- End the class with a reflection about what money messages were discussed today and if they agree with these concepts.
Options for Consideration:
- The quotes may be put into envelopes before the class begins and each group chooses an envelope.
- To accommodate any special needs learners, the teacher may want to control which quotes each group gets.
Extended Learning Opportunities:
- Ask the students to find other money quotes or idioms to share with the class.
- Make a poster using their favourite quote and illustrating the money message.
“The test of our progress is not whether we add more to the abundance of those
who have much; it is whether we provide enough for those who have too little.”
— Franklin D. Roosevelt
“Don’t think money does everything or
you are going to end up doing everything for money.”
“I would rather carry around a plastic bag with five thousand Euro inside, than carry
around a Louis Vuitton/Gucci/Prada bag with only one hundred Euro inside!”
— C. JoyBell C.
“No man should receive a dollar unless that dollar has been fairly earned.”
— Theodore Roosevelt
“The quickest way to double your money is
to fold it in half and put it in your back pocket.”
— Will Rogers
“What good is money if it can’t buy happiness?”
— Agatha Christie
“Money is like manure; it’s not worth a thing unless it’s spread around
encouraging young things to grow.”
— Thornton Wilder
“Unfortunately most ways of making big money take a long time.
By the time one has made the money one is too old to enjoy it.”
— Ian Fleming
“The more you Learn, The more you earn”
— Frank Clark
“Money is like fire. It is only good when there’s just the right amount of it,
when it’s properly contained and under your control.”
— Vera Nazarian
The first rule in making money is not to lose it.”
— Steven J. Lee
“Success comes in a lot of ways, but it doesn’t come with money and it doesn’t
come with fame. It comes from having a meaning in your life, doing what you love
and being passionate about what you do. That’s having a life of success. When you
have the ability to do what you love, love what you do and have the ability to impact
people. That’s having a life of success. That’s what having a life of meaning is.”
— Tim Tebow
“I don’t have money but I have something even money can’t buy—Satisfaction.
I’m satisfied with whatever little I have.”
— Saru Singhal
“Invest in the future because that is where you are going
to spend the rest of your life.”
— Habeeb Akande
“Every time you borrow money, you’re robbing your future self.”
— Nathan W. Morris
“Too many people spend money they earned… to buy things they don’t want…
to impress people that they don’t like.”
— Will Rogers
“It is not the man who has too little, but the man who craves more, that is poor.”
“That man is richest whose pleasures are cheapest.”
— Henry David Thoreau
“Empty pockets never held anyone back.
Only empty heads and empty hearts can do that.”
— Norman Vincent Peale
“It’s good to have money and the things that money can buy,
but it’s good, too, to check up once in a while and make sure that you
haven’t lost the things that money can’t buy.”
— George Lorimer
Money never made a man happy yet, nor will it.
There is nothing in its nature to produce happiness.
The more a man has, the more he wants.
Instead of filling a vacuum, it makes one.
“I’m living so far beyond my income that we may almost be said to be living apart.”
— E.E. Cummings
“Make money your god and it will plague you like the devil. “
— Henry Fielding
“The amount of money you have has got nothing to do with what you earn.
People earning a million dollars a year can have no money.
People earning $35,000 a year can be quite well off.
It’s not what you earn, it’s what you spend.”
— Paul Clitheroe
“Money… is like a beautiful thoroughbred horse — very powerful & always in action,
but unless this horse is trained when very young, it will be an out-of-control &
dangerous animal when it grows to maturity.
— Dave Ramsey