Financial Literacy
by: Riel Casinillo
Lesson 1. Money Matters
“Why It Pays To Be
Financially Responsible”
Learning Objectives
Students will...
• Explore personal financial choices
• Learn to make informed financial decisions
• Consider what it means to be financially
responsible
Essential Question:
“What does it mean to be
financially responsible?”
Discussion Questions



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When did you last make a big purchase?
What was the purchase?
What decisions and research went into it?
Are you still happy with the purchase?
Sharing Experiences


share further strategies that you could have
used before making your purchases
What could happen if you don’t have a
spending strategy?
without having a purchase strategy can lead
to spending more than you need to on
certain items and spending beyond your
means.
Essential Question:
“What does it mean to be
financially responsible?”
Financial Responsibility
refers to the process of managing money
and other similar assets in a way that is
considered productive and is also in the
best interest of the individual, or the
family, or the business company.
Activity 1. Money Matters:
Know the Lingo
Terminologies
Financial Decision-Making Strategies
 Cost Comparison
 Cost-Benefit Strategies
– Cost
– Benefit
 Calculating Future Expenses
– Short-Term Goals
– Medium-Term Goals
– Long-Term Goals
 Budget
– Income
– Expenses
Activity 2. Money Matters:
What Would You Do?
Reflection