Embed Size (px)
Citation preview
Financial Literacy for
Children
Minds
Their
2
What is Financial Literacy?
Why do we need it?
3
What are some misconceptions elementary children have about money?
4
Not developing a sound understanding of
personal financial literacy can result in . . .
5
K-2 Materials
companion website: http://fffl.councilforeconed.org/
6
Features of Financial Fitness for Life• Based on national standards• Engage students in the economic way of
thinking• Call for active learning• Address concepts in a developmentally
appropriate manner• Emphasize a variety of teaching methods
compatible with different learning styles• Reinforced by assessments• Invite parents to play a role
7
Topics:
• Earning Income• Saving• Spending• Credit• Money management
8
A Good Day for Money
Objectives
• List simple skills required for jobs (K.9C)
• Define money earned as income (1.9A)
• Differentiate between money received as income and money received as gifts (K.9B)
• Identify ways to earn income (K.9A)
9
A Good Day for Money
Activity 1: Making a Pocket Graph
Count pockets
10
Vocabulary:
• gift money• earn• income• pictograph• producer/worker• work skills
1
2
3
4
5
67
11
Activity 1: Making a Pocket GraphNumber
of Pockets
Students
7
6
5
4
3
2
1
0
12
Activity 1: Making a Pocket GraphNumber
of Pockets
Students
7
6
5
4
3
2
1
0
Analyze Pocket GraphHow many pockets do most of the students have on their clothing?
How many students have no pockets on their clothing?
How many students have 3 pockets on their clothing?
How many more students have 5 pockets than 3 pockets?
Do any groups have the same number of pockets? Which ones?
How many pockets are there in total, on all the clothing?13
14
Activity 2: Exploring Human Capital (Work Skills)
Day 2
15
Activity 3: Income Chain
Money We Receive
Income Earned Gift Money
16
Activity 3: Income Chain
Money We Receive
Income Earned Gift Money
17
Activity 3: Income ChainMoney We Receive
10
9
8
7
6
5
4
3
2
1
Earned Income
Gift Money
18
Activity 3: Income Chain
19
Extension
• Music: Earning Income sung to the tune of She’ll be Coming Around the Mountain
• Literature: Little Rabbit’s Loose Tooth by Lucy Bates
Earning Income (She’ll be Coming Around the Mountain)
• Verse:
We’ll be earning lots of income when we work (when we work).
We’ll be earning lots of income when we work (when we work).
We’ll be earning lots of income, We’ll be earning lots of income,
We’ll be earning lots of income when we work (when we work). 20
• Chorus:
We will sometimes get some money as a gift (as a gift).
We will sometimes get some money as a gift (as a gift).
We will sometimes get some money, We will sometimes get some money,
We will sometimes get some money as a gift
(as a gift).
How We Save
Objectives• Identify income as a means of obtaining
goods and services, oftentimes making choices between wants and needs (1.9B)
• Distinguish between spending and saving (1.9C)
• Calculate how money saved can accumulate into a larger amount over time (2.11A)
• Distinguish between a deposit and a withdrawal (2.11C)
21
22
How We Save
23
Lesson 6 Vocabulary
• Scarcity• Choices• Opportunity cost• Deposit• Withdrawal
• Save• Spend• Savings register• Number sentence• Comparison
statement
Activity 1: A Pocket Problem on the Floor
24
What do you like to put in your pockets?
What is your opportunity cost?
25
Activity 2: Helping Hands: Depositing or Withdrawing
Penny’s mom put money in her bank account every payday so that she would have money to spend during the upcoming holiday season. Was this a deposit or a withdrawal?
Penny shook her piggy bank to listen to the money rattle one last time. Then she opened it and took the money out and put it in her pocket to spend at the fair. Was this a deposit or a withdrawal?
26
Activity 3: Game: Savings Roll Along
27
Extensions• Math
• Music: I’ve got Money sung to the tune of Are
You Sleeping, Brother John? • Literature
Item wanted Price of item How much money I have
How much money I need
On-line tools and resources
• Clarifying Tasks
•
•
28
