What can we do with money? It’s an important question for K-2 students (and one that they’re inherently motivated to find out the answer to). Spending, saving, and giving are central concepts when it comes to money management. Give your students a head start with this “Money Planning” lesson. It’s all part of our Adventures in Math resource center!
What’s in the “Money Planning” lesson?
This lesson is divided into four parts:
Part 1—Spending Money: Make a “wants vs. needs” list as a class.
Part 2—Saving Money: A special story helps kids understand why it’s important to keep their money in a special place. The “Don’t Lose Your Money” worksheet has them identify good places to keep money.
Part 3—Giving Money: In small groups, students brainstorm how to use $10 to help others.
Part 4—Spending, Saving, and Giving: Construct a pictograph using three different colors of sticky notes.
- Develop an understanding of personal financial literacy, including income, interest, wants and needs, saving and spending, and charitable giving.
- Participate in group discussions.
- Communicate math ideas and reasoning.
- Solve addition and subtraction problems involving numbers up to 100.
- Apply mathematics to solving problems arising in everyday life.
- Solve one- and two-step word problems.
- Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately.
- Solve word problems using objects.
- Classify, count, and sort objects into categories.
- Organize, represent, and interpret data.
- Draw graphs to represent data.
- Solve simple problems using bar graph information.