Financial Literacy Fun
Understand basics of saving and budgeting
This lesson aims to introduce young students to financial literacy concepts such as saving, budgeting, and the value of money through interactive discussions and activities. Understanding these basics will help empower the students to make informed decisions about money in their daily lives.
Understand basics of saving and budgeting
Paper, Markers/Crayons, Saving and Budgeting Worksheet, Printable Money Cards, and Printable Budget Sheets
- Greet the students and introduce the topic of financial literacy.
- Explain what money is used for and why it's important to manage it well.
Step 2
Discussion on Saving
10 mins
- Lead a discussion on the concept of saving.
- Ask students why they think it's important to save money.
- Use real-life examples to show how saving can help buy something special in the future.
Step 3
Activity: Saving and Budgeting Worksheet
15 mins
- Handout the 'Saving and Budgeting Worksheet'.
- Guide students through the worksheet, explaining each section.
- Assist students in filling out their worksheets, discussing how they might save for something they want to buy.
Step 4
Activity: Printable Money Cards
10 mins
- Distribute 'Printable Money Cards' to students.
- Role-play a small store scenario where students use the money cards to 'buy' items.
- Discuss how they can use budgeting to decide what to buy and how much to save.
Step 5
Activity: Printable Budget Sheets
10 mins
- Hand out the 'Printable Budget Sheets'.
- Guide students through the sheets, explaining each section (income, expenses, savings).
- Assist students in filling out their budget sheets, discussing the importance of balancing income and expenses.
- Summarize the key points learned about saving and budgeting.
- Ask students to share one thing they learned and how they plan to use it.
- Praise the students for their participation and understanding.
