Each student will make a personal bank for home and decide how they will spend the money they collect—for saving, spending or donating. Bring the money the class collected to the charity of their choice (see Attachment One: Decision-Making Model from Lesson Three: Decision-Making Model).
One Forty–Five Minute Class Period
The learners will:
The students have been bringing in coins from home for at least a week. In this lesson, the students provide the planned service by presenting the money to the agreed-upon charity. Count the money collected by the class. Tell the children how much it is. Depending on who gets the money, present the money to a representative, mail it, or bring it to the location. If appropriate, have the students make cards or draw pictures to go along with the donation.
Anticipatory Set:
Draw a circle graph on the chalkboard and divide into three sections—save, spend, donate—to show how people may use the money they take in (suggestion for teacher reference: 20-40% savings, 50-70% money to spend, and 10% charity). Discuss with the students how much of the money people earn goes into the different categories. The percentages will vary, but this will give students a general, visual idea. Discuss what adults might save for and on what they need to spend money. Ask the students to propose ideas for what they might save for. Review why people choose to donate money.
Teacher observation of student participation and enthusiasm.Display the banks that you have used for this unit. Give students story paper and have them draw a picture and/or write to show how they would use the money in their own lives. Use the following rubric for scoring:
4- Pictures or writing showing three or more supports, use of three vocabulary words along with constructive thought and legible writing. 3- Pictures or writing with two or more supports, use of two vocabulary words and legible writing 2- Simple picture, one support sentence, one vocabulary word included. 1- Simple picture
Interactive Parent/Student Homework:
Send home a letter (see Attachment One: A Note about Three-Part Banks) explaining the purpose of the three-part banks. Encourage parents to help the children set reasonable goals for saving and donating.
After one month’s time, have a class discussion to see what the students have been doing with their banks. Where does the money come from? How much have they saved? To whom are they planning to donate?
Lesson Developed By:
Vicki ZelejiThis three-part bank has been designed with a special purpose. We have been learning about different ways to use money—spending for immediate wants and needs, saving for something big or special and donatingto someone in need. This bank will help us plan for these three things.
As your child gets money for his or her personal bank, he or she can place coins in the different containers to use the money for different purposes.
Please help your child make appropriate plans for the money he or she earns or collects. We know it isn’t much at this point, but the students are excited about the importance of philanthropy. Using our treasure is just one of many ways we can give or share with others for the common good.
Talk with your child about the money choices you must make as an adult. Tell how you must budget your money for these same three purposes. Share your plans and goals for saving, investing and donating, as well as what needs you have for immediate spending. It is not necessary to give any details, but it is helpful for students to know that you have some plans.
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