Warm Up
Warm Up: Do You Have Enough?
Think about something you want to buy, like a yummy snack or a cool toy.
Imagine you have some money in your hand.
* How do you know if you have enough money to buy what you want?
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Lesson Plan
Budgeting: Dollar Up!
Students will learn to determine if they have enough money to buy an item and practice the 'dollar up' strategy for making purchases.
Learning about money and budgeting helps students gain independence and confidently handle transactions in real-life situations.
Audience
High School Students (IQs 40-50)
Time
30 minutes
Approach
Hands-on and visual learning.
Materials
Prep
Gather Materials & Review Content
10 minutes
- Review the Slide Deck: Budgeting Basics content and teacher notes.
- Print and prepare copies of the Activity: Enough Money or Not?, Worksheet: Practice Paying Up, and Quiz: Show What You Know.
- Gather play money (dollars and coins) or visual representations of money for the activity and game.
- Familiarize yourself with the rules of the Game: Dollar Up Challenge!.
- Review the Answer Key: Practice Paying Up and Answer Key: Show What You Know Quiz.
Step 1
Warm Up: Do You Have Enough?
5 minutes
- Begin with the Warm Up: Do You Have Enough? activity.
- Ask students to share their initial thoughts on how they know if they have enough money.
- Facilitate a brief discussion, guiding them towards simple strategies like counting and comparing.
Step 2
Introduction to Money and Budgeting
5 minutes
- Present the Slide Deck: Budgeting Basics to introduce basic money recognition and the concept of 'enough money.'
- Focus on slides that explain the 'dollar up' strategy with clear examples.
Step 3
Activity: Enough Money or Not?
8 minutes
- Introduce the Activity: Enough Money or Not?.
- Provide students with various item cards and play money.
- Guide them to determine if they have enough money for each item and discuss their reasoning. Reinforce the 'dollar up' concept as needed.
Step 4
Game: Dollar Up Challenge!
7 minutes
- Play the Game: Dollar Up Challenge!.
- Set up scenarios where students practice paying for items using the 'dollar up' method with play money.
- Encourage peer support and provide immediate feedback.
Step 5
Worksheet: Practice Paying Up
3 minutes
- Distribute the Worksheet: Practice Paying Up.
- Have students work independently or with support to complete the exercises.
- Collect the worksheets for review. (Can be completed as homework if time is short.)
Step 6
Cool Down & Wrap-Up
2 minutes
- Conclude with a quick cool-down question: "What is one new thing you learned about using money today?"
- Briefly review the main points of the lesson. (The quiz can be given at the start of the next session or as an exit ticket if time allows.)
Slide Deck
Budgeting: Dollar Up! <br/> Your Money Mission!
Let's become money detectives!
Welcome students and introduce the lesson's fun title. Explain that today we'll learn about using money to buy things we want.
What is Money?
Money is what we use to buy things.
Like snacks, toys, or even bus tickets!
We use different kinds of money: coins and bills.
Ask students what they know about money. Show different coins and bills. Emphasize that money helps us get what we need and want.
Do I Have Enough Money?
Before you buy something, you need to check:
Do I have enough money?
Is the money I have more or the same as the price?
Present a simple scenario. "If a snack costs $1 and you have $0.50, do you have enough?" Guide them to understand comparing the price to the amount they have.
Meet the "Dollar Up" Strategy!
When you pay with cash, we can use a trick called "Dollar Up"!
It means you give the store one more dollar than the price of your item.
This makes it easier to pay and get your change!
Introduce the "dollar up" strategy. Explain it simply: when paying with cash, give one more dollar than the price. Show an example with a $2 item and paying with $3.
Let's Practice "Dollar Up"!
Example 1:
A candy bar costs $1.50.
You have a $1 bill and a $1 bill.
You give two $1 bills.
(One more dollar than $1.50)
### Example 2:
A juice box costs $0.75.
You have a $1 bill.
You give one $1 bill.
(One more dollar than $0.75)
Walk through a few examples. Item costs $1, pay with $2. Item costs $3.50, pay with $4. Use visuals to make it clear.
Your Turn! "Dollar Up"!
What if something costs $2.25? How many dollars do you give?
What if something costs $0.99? How many dollars do you give?
Encourage students to practice with their play money or by verbally stating what they would do. Ask questions to check understanding.
Activity
Enough Money or Not? Activity
Goal: To decide if you have enough money to buy an item, and practice using the "dollar up" strategy!
Materials:
- Item cards (picture of an item with a price tag, e.g., "Candy Bar - $1.25", "Small Toy - $3.75")
- Play money (various dollar bills)
Instructions:
- Pick an Item: Each student will pick an item card from the pile.
- Count Your Money: Look at the price of your item. Now, count the play money you have.
- Do You Have Enough? Compare the price of your item to the money you have.
- Circle YES if you have enough money.
- Circle NO if you do not have enough money.
- How Much to Pay (Dollar Up)? If you have enough money, how many dollar bills would you give using the "dollar up" strategy?
- Remember: Give one more whole dollar than the price.
Item Card 1: Sticker Book - $2.50
Do you have enough money?
YES / NO
How many dollar bills would you give using "dollar up"?
Item Card 2: Small Juice - $0.99
Do you have enough money?
YES / NO
How many dollar bills would you give using "dollar up"?
Item Card 3: Pencil Pouch - $4.10
Do you have enough money?
YES / NO
How many dollar bills would you give using "dollar up"?
Item Card 4: Toy Car - $5.80
Do you have enough money?
YES / NO
How many dollar bills would you give using "dollar up"?
Game
Dollar Up Challenge!
Goal: Practice paying for items using the "dollar up" strategy!
Materials:
- Small item pictures with prices (e.g., Apple: $0.75, Pen: $1.25, Small notebook: $2.10, Toy: $3.50, Book: $4.99)
- Play money (only $1 bills per student)
- A "cash register" (a small box or container)
Setup:
- Place the item pictures with their prices on a table, acting as a "store display."
- Give each student a handful of $1 play bills (e.g., 5-10 bills).
- Designate one student (or the teacher) to be the "store cashier."
How to Play:
-
Shopper Time! One student is the "shopper." The shopper chooses an item they want to buy from the store display.
-
What's the Price? The shopper states the item they want and its price. For example, "I want the apple, it costs $0.75."
-
Dollar Up! The shopper then uses their $1 play bills to pay the cashier, using the "dollar up" strategy.
- Remember: You always give one more dollar than the price of the item.
- If the apple costs $0.75, you give one $1 bill.
- If the notebook costs $2.10, you give three $1 bills.
-
Cashier Checks: The cashier counts the money the shopper gives and confirms if it's the correct "dollar up" amount.
-
"Change Back" (Optional - Teacher can describe): The teacher can explain that in a real store, the cashier would give change back, but for this game, we are just practicing giving the right "dollar up" amount.
-
Switch Roles: Students take turns being the shopper and the cashier.
Worksheet
Practice Using "Dollar Up"!
Directions: Look at the price of each item. If you pay with dollar bills, how many dollars would you give using the "dollar up" strategy?
1. A small juice box costs $0.85.
How many $1 bills would you give?
2. A toy car costs $2.30.
How many $1 bills would you give?
3. A pack of gum costs $1.15.
How many $1 bills would you give?
4. A small bag of chips costs $0.60.
How many $1 bills would you give?
5. A colorful pen costs $1.99.
How many $1 bills would you give?
Answer Key
Answer Key: Practice Paying Up
Directions: Look at the price of each item. If you pay with dollar bills, how many dollars would you give using the "dollar up" strategy?
1. A small juice box costs $0.85.
How many $1 bills would you give?
- Answer: 1 dollar bill
- Thought Process: $0.85 is less than $1, so you give one $1 bill to cover the cost using the "dollar up" method.
2. A toy car costs $2.30.
How many $1 bills would you give?
- Answer: 3 dollar bills
- Thought Process: $2.30 is more than $2 but less than $3. Using the "dollar up" method, you give the next whole dollar, which is $3.
3. A pack of gum costs $1.15.
How many $1 bills would you give?
- Answer: 2 dollar bills
- Thought Process: $1.15 is more than $1 but less than $2. Using the "dollar up" method, you give the next whole dollar, which is $2.
4. A small bag of chips costs $0.60.
How many $1 bills would you give?
- Answer: 1 dollar bill
- Thought Process: $0.60 is less than $1, so you give one $1 bill to cover the cost using the "dollar up" method.
5. A colorful pen costs $1.99.
How many $1 bills would you give?
- Answer: 2 dollar bills
- Thought Process: $1.99 is more than $1 but less than $2. Using the "dollar up" method, you give the next whole dollar, which is $2.
Quiz
Show What You Know Quiz
Answer Key
Answer Key: Show What You Know Quiz
1. If a snack costs $0.75, how many $1 bills do you give using "dollar up"?
- Correct Answer: $1
- Thought Process: $0.75 is less than $1. To use the "dollar up" method, you give the next whole dollar, which is $1.
2. A toy costs $3.25. How many $1 bills do you use to pay with "dollar up"?
- Correct Answer: $4
- Thought Process: $3.25 is more than $3 but less than $4. To use the "dollar up" method, you give the next whole dollar, which is $4.
3. If a drink costs $1.50, how many $1 bills would you give using "dollar up"? Tell why.
- Correct Answer: 2 dollar bills. Because $1.50 is more than $1, so you go up to the next whole dollar, which is $2.
- Thought Process: $1.50 is between $1 and $2. The "dollar up" strategy means giving the next whole dollar amount that is greater than or equal to the price. In this case, $2.