4th Grade Financial Literacy Unit21st Century Life and CareersStandard 9.1: Personal Financial Literacy (updated July 2016)Click here for the complete Financial Literacy Unit
These lessons will be conducted using http://handsonbanking.org/htdocs/en/k/Money Management (9.2.4.B.1-7)Lesson 1:
- What are your immediate, short term, and long term financial goals? Create a table in Word and list your goals.
- Look over your list and highlight the goals that are "wants" in yellow and those that are "needs" in green.
- How will you pay for these goals? How are you going to achieve these goals? What are you going to do to make it happen?
- How can a bank or financial institutions help you pay for the very expensive items?
- Watch the Brainpop Video on Budgets: http://www.brainpop.com/math/dataanalysis/budgets/preview.weml
- Discuss household budgets and what they include.
- Open the Household Budget Excel Spreadsheet: Household Budget Excel
- It All Adds Up: Budget Odessey (click on picture of stacked coins): http://www.italladdsup.org/mod4/ (Work terminology of income, fixed and variable expenses).
- TD Bank Lesson 4: Check This Out: http://www.tdbank.com/wowzone/kids/wowza.html
Becoming a Critical Consumer (9.2.4.E.1-6)
- What factors do you have to consider before you go shopping? How are you going to pay for the items? Is this a need or want? Is this the right time to buy?
Lesson 4 (9.2.4.E.7):
Income and Careers (9.2.4.A.1-4)Lesson 5:
- Advertising facts vs. claims. What do you think is a fact about products? What is the definition of a claim? Read reviews on Amazon for their products to see if people are happy with purchases.
- Use Publisher to make an advertisement for one of their items they purchases. In blue font, create 2 product facts. In red font, create at least 2 product claims.
Record your Career Cluster or Path here: http://padlet.com/mschoenberger/interestjohnstonclas (Johnston's Class)Record your Career Cluster or Path here: http://padlet.com/mschoenberger/careercbclass (Dybalski's Class)
- Open this unit with this video: http://www.youtube.com/watch?v=-1t9dg5dzQo
- Career Survey Lesson and Interest Survey: PWC Site and click here for a printable career interest survey: http://dlr.sd.gov/lmic/pdfs_and_other_files/cwonders_interest_survey.pdf or use this site: http://paws.bridges.com/cfnc1.htm (Paws in Jobland)
- Create one PowerPoint slide with the title, "So, You Want to be a......" Include facts about career including salary, education, needed, etc.
Record your Career Cluster or Path here: http://padlet.com/mschoenberger/bowmancareer (Bowman's Class)
Planning, Saving, and Investing (9.2.4.D.1-4)Lesson 7:
- Open with the video, "Financial Literacy: Gross Pay, Payroll Deductions and Net Pay: http://www.youtube.com/watch?v=rnPeLg0sZV8 (watch only the first 5-7 minutes)
- Now that you have an idea of how much many you will make in your career, ReOpen the Household Budget Excel Spreadsheet and and play with the numbers to adjust your budget according to your salary. Can you live on your salaray? Are you able to save any money each month? What items did you have to sacrifce to have enough money?
- How do you save for the things you want? Show Common Craft Saving Money: http://www.commoncraft.com/video/saving-money-compound-interest Discuss the 3% Interest.
- Compare current bank interest rates: http://www.moolanomy.com/1333/best-high-interest-savings-account-and-money-market-rates/ TD Bank Savings Account info: http://www.tdbank.com/personal/savings.html?state=NJ&city=411
- Use the this Investing Calculator to find out how much you'll save!
- Play "It's My Life: Mad Money" game to reinforce skills: http://pbskids.org/itsmylife/games/mad_money_flash.html
- Play "The Great Piggy Bank Adventure" http://piggybank.disney.go.com/
- Show Common Craft Investing Money: http://www.commoncraft.com/video/investing-money
- Go to the Website ot find other wasy to invest: http://www.themint.org/tweens/ways-to-invest.html
- Use the compounding calculator to explore how to invest money to grow the most: http://www.themint.org/kids/compounding-calculator.html. Also visit, "When Will You Be A Millionaire?' http://www.themint.org/kids/when-will-you-be-a-millionaire.html
- Play "Financial Football/Soccer": http://www.practicalmoneyskills.com/games/trainingcamp/
Becoming a Critical Consumer (9.2.4.E.1-6)Lesson 9:
- Brainpop Credit Card Video: http://www.brainpop.com/socialstudies/economics/creditcards/preview.weml
- Begin with movie explaining credit card debt: http://www.youtube.com/watch?v=Vz05A6cP6Iw
- Credit Card Simulator: http://cdn.channelone.com/wp-content/uploads/2013/06/swf_credit.swf Discuss.
- Create PSA Posters in Publisher about using credit cards wisely!
- Credit Cards vs. Debit Cards: http://www.youtube.com/watch?v=B9WZyWaGa50
- Final Word and lesson moral: http://vimeo.com/50044167
Risk Managment and Insurance (9.2.4.G.1-3))
- Use this lesson for teaching Insurance and Risk: http://www.pwc.com/us/en/about-us/corporate-responsibility/corporate-responsibility-report-2011/community/financial-literacy-curriculum-pdfs/8-risk-management-3-5/1-pwc-risk-management-3-5-lesson.pdf
- (9.2.4.F.4) Identify skills related to organizing, managing, and taking on the risks of owning a business: Play Farm Blitz: http://financialentertainment.org/play/farmblitz.html
Additional Resources and Games:
Celebrity Calamity– In this game, the kids are the money manager for a superstar of their choice.Students will need to control the spending of their famous client. The gameshows the effects of placing items on credit cards or debit cards credit cardsand their bank account. http://financialentertainment.org/play/celebritycalamity.html
You Are Here– This site provides several online games where children can interact withfinancial concepts in a shopping mall setting. Also provided are fact sheets,lesson plans and classroom activities that complement the site. The site can beused to support lessons in critical thinking, language arts, writing, media literacy,business, civics, and social studies
The Mint-This site isdesigned to help you teach students how to manage money wisely. Be sure tobrowse through the Fun for Kids section to find additional information,examples, and interactive experiences to illustrate money management principlesto your students.