• lenny-learning-logoLenny Learning
  • Home
    Home
  • Lessons
    Lessons
  • Curriculum
    Curriculum
  • Surveys
    Surveys
  • Videos
    Videos
  • Support
    Support
  • Log In
lenny

Smart Money Moves

user image

Whitney Kertz

Tier 1

Lesson Plan

Smart Money Moves

Learn basic financial literacy skills

This lesson introduces 11th-grade students to essential financial literacy skills, focusing on budgeting, saving, and managing personal finances. Students will engage in activities that help them understand the importance of financial planning for their future careers. This lesson is crucial as it equips students with the knowledge to make informed financial decisions, fostering independence and responsibility.

Audience

11th Grade Students

Time

30 mins

Approach

Learn basic financial literacy skills

Materials

Discussion Questions, Budgeting Worksheet, Financial Literacy Quiz, and Answer Key

Step 1

Introduction

5 mins

  • Begin with a brief discussion on the importance of financial literacy.
  • Ask students what they know about budgeting and saving.
  • Introduce the lesson objectives: understanding budgeting, saving, and managing finances.

Step 2

Budgeting Activity

10 mins

  • Distribute the Budgeting Worksheet.
  • Guide students through creating a simple budget based on a hypothetical monthly income.
  • Discuss fixed vs. variable expenses and the importance of saving.

Step 3

Discussion on Saving

5 mins

  • Use the Discussion Questions to explore different saving strategies.
  • Encourage students to share their thoughts on why saving is important for future planning.

Step 4

Financial Literacy Quiz

5 mins

  • Administer the Financial Literacy Quiz to assess understanding.
  • Explain that this is a formative assessment to gauge their grasp of the concepts.

Step 5

Closure

5 mins

  • Review key points from the lesson.
  • Encourage students to think about how they can apply these skills in their own lives.
  • Answer any remaining questions.
lenny

Discussion

Discussion Questions

A set of questions to facilitate a discussion on saving strategies and their importance.

Why is it important to save money?

Discuss the benefits of saving, such as financial security and achieving future goals.







What are some effective saving strategies you know?

Explore different methods like setting aside a percentage of income, using savings accounts, or investing.







lenny
lenny

Worksheet

Budgeting Worksheet

A worksheet to help students practice creating a budget based on a hypothetical income.

List your fixed monthly expenses (e.g., rent, utilities).








List your variable monthly expenses (e.g., groceries, entertainment).








Calculate your total monthly expenses and determine how much you can save.








lenny
lenny

Quiz

Financial Literacy Quiz

lenny

Answer Key

Answer Key

The answer key for the Financial Literacy Quiz, providing correct answers and explanations.

What is a fixed expense?

An expense that remains the same each month
Fixed expenses are consistent and predictable, such as rent or a car payment.

Why is it important to have a budget?

To track spending and save money
A budget helps manage finances by tracking spending and ensuring savings.

lenny
lenny