Lesson Plans

Moneyland

South Spending
   Spending: Spend Wisely
   Budgets: The Cost of
   Running a Planet
   Generic vs. Brand Name
   Why Save? Better Off Saving
   Credit: Taking an Interest
   in Credit
   Quiz  |  Answer Key
Republic of Saving
Investor Islands
 
 
     

Why Save? Better Off Saving

This lesson will explore the pros and cons of saving versus spending money. Drawing from real life situations as well as fantastic explorations, students will apply critical thinking to their spending habits. Subject areas covered include:

  • Language arts: reading comprehension, literary terms
  • Economics: spending vs. saving, budgets

 

Preparation
Preview material and print out worksheets.

Time
2 to 3 x 30-minute class periods

Materials
• Student journals or scrap paper
Worksheet
• Blackboard

Procedure

Part I: Journal entry (10 minutes)
What is the best purchase you’ve ever made? Why do you consider that purchase the best? What is the worst purchase you’ve ever made? Why was it the worst?

Part II: Class discussion
Visit Downtown Spendopolis and discuss Zach’s spending problems. Discuss:

  • Has anyone spent money on something and regretted it? What sort of thing?
  • Journal entries – What makes a good or bad purchase? (How long it lasts, how useful it is, how much satisfaction you derive from it, how cheap it is, etc.)

As a class, come up with a list of questions you can ask yourself the next time you’re shopping to help you make only good purchases. Write these questions on the board.

Part III: Individual work (or homework)
Hand out worksheet. Have students complete the worksheet once they have finished re-reading Zach’s story. Remember to read through the instructions and answer any questions before the students begin working.

Part IV: Regroup
Discuss students’ worksheets:

  • Is Zach a role model? Why or why not?
  • What is the moral of the story?
  • How did you change the story?

Assessment
Worksheet
Performances
Group work

Additional activities

Have students read Jack and the Beanstalk instead of Zach’s tale. Discuss fairy tales and heroes and have students complete the optional worksheet. Discuss:

  • Is Jack a hero? Why? (He outwits the giant, he’s adventurous, he earns money for his mum.) Why not? (He doesn’t follow his mum’s orders, he steals, he kills the giant.)
  • What message does this tale send about spending money? A good one or a bad one?
  • What would happen to a modern-day Jack?
  • What would Jack do if he had asked himself the questions written on the board?
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