ACTIVITY TITLE: NetWorth Parent Involvement st Money! Does It Grow on Trees? Personal Finance for the 21 Century Grade 1 Time Required: 1 hour 10 minutes Content Standard 1 (7.1.1) Students will acquire the attitudes, knowledge and skills that contribute to effective learning in school and across the life span. Indicators: d. Students will accept mistakes as essential to the learning process. j. Students will take responsibility for their actions. n. Students will share knowledge. GOAL: Through a shared learning experience with GOAL: Through a shared learning experience with their parent, thetheir student parent, the student will understand how money is earned and will understand how money is earned and the need to spend wisely. the need to spend wisely. Warm Up Activity Statement: Parents and children will participate in a discussion and game regarding the wise use of money. Main Activity Statement: Parents and children will view a Powerpoint presentation and participate in a discussion following the viewing. Wrap Up Activity Statement: Parents and children will complete a chores chart handout. Materials: LCD Projector and Computer Instructor Resource Handout #1 Game: Needs and Wants Handout #2 Chores Chart Parent Handout #1 Take Home Activity: Word Scramble Parent Handout# 2 Evaluation of the Grade 1 Lesson Anticipatory Set Up/ Warm Up Activity: Instructor Introduction: Children at the first grade age are at the perfect age to begin talking about making wise decisions about the use of money. Since they were introduced to basic money concepts in kindergarten, they now need to think about ideas for making their own money. Earning their own money will help them to appreciate its value more and make wise decisions when making purchases of toys, games, candy, books, some special clothing and other novelties. Discussion: Instructor will direct students to raise their hands and wait to be called upon. What is an allowance? An amount of money given to a child for chores performed.) Does anyone get an allowance? What kind of a chore do you do to get an allowance. How do most people get money? (jobs) Other than an allowance, how else can you get money? (gifts) Game: Instructor says: We are going to play a game that is called “Needs and Wants” Sometimes we think we need a toy or book, but we really do not. There are some things that we do need. This game will give us a chance to decide if some things are needs or wants. Divide class up into groups of four. Pass out Handout #1 Game to each student Pass out cards labeled NEEDS and WANTS to parents. (Put them in an envelope) When the teacher says “GO”. You will place the word NEED over pictures of NEEDS and WANT over the pictures of WANTS. Give the students an example. The first student to get all of the cards placed correctly will be the winner. That student should stand as soon as they are done. The instructor will check the card. (There may be a small prize for the winner.) optional Timeline : 15 minutes MAIN ACTIVITY: Instructor: Do any of you have a money tree? Wouldn’t we like to have one? Let’s watch this presentation and see if we can answer these questions and others about money. Show Powerpoint presentation: “Does Money Really Grow On Trees?” Discussion Questions: What are the three things we should consider or think about when we are given or earn money? (save, spend, share) Where is the best place to save money? Why? (bank) Why should we practice making wise choices with our money? Can your parents help you to make wise choices? Timeline: 25 minutes Wrap Up Activity: Summarize what the parents and children have learned about money. Questions to ask about presentation. We have determined that money does not grow on trees. Right! Most people have to work to earn money. Now we are going to decide how you can help your family and perhaps ear some money. Introduce the Chores Chart Handout. Instructor should pass out and explain Handout#2 “Chores Chart”. With the help of their parents, the children should complete the chart. The parents can help children decide what chores they can do to help their family and perhaps get an allowance. This chart is adapted from www.practical money skills.com Timeline: 30 minutes Take-Home Activity: Worksheet: Word Scramble Resource List: Handout adapted from www.practicalmoneyskills.com Evaluation Component: Parent Handout #2 Evaluation sheet Marketing: Flyer Incentive: Children may receive extra points for having parents attend with them. This would be a collaborative decision between the teacher and the instructor. Author: Joyce Rea Brooke County Schools jrea@access.k12.wv.us