You Can Bank on Me!
Focus Questions: How do our decisions about spending affect the common good? How do our needs and wants impact our choices?
Students learn the meaning of the words spend, save and donate. They collect money to donate and use a decision-making model to choose the recipient.
This lesson will introduce vocabulary terms spend, save and donate. As a class, they will discuss, sing and perform the song “You Can Bank on Me. ” The students will learn reasons that people choose to donate.
Students will compare two very different approaches to moneysaving for a special purchase and spending it thoughtlessly. The students will relate this to their own views of money.
Students will use a decision-making model to decide where to donate their collected money. They will evaluate what is most important to them and list possible choices. Based on the decision-making process, the class will come to consensus on how to spend money earned together.
The purpose of this lesson is for the students to work cooperatively and recognize behaviors that help them learn. Students will recognize and sort different coins as well as state their face value. They will group coins to make a dollar.
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).