Comparing Attitudes about Money

Grades: 
K, 1, 2
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.
Lesson Rating 
0
Duration 
PrintTwo Thirty-Minute Class Periods
Objectives 
The learner will:
  • participate in a discussion of the uses of money.
  • identify two potential uses of money
  • define the terms save and spend
Materials 
  • A variety of “piggy” banks
  • Alexander Who Used to be Rich Last Sunday by Judith Viorst (see Bibliographical References)
  • A Chair for My Mother by Vera B. Williams (see Bibliographical References)
Bibliography 
  • Viorst, Judith. Alexander, Who Used to Be Rich Last Sunday. New York: Atheneum, 1978. ISBN: 0689711999

  • Williams, Vera B. A Chair for My Mother. Hong Kong: South China Printing Company, 1982. ISBN: 068804074

Instructions

Print
  1. Day One:Anticipatory Set:Display some “piggy banks” (or pictures of banks). Ask the children what they are used for. Find out how many members of the class have piggy banks. Do they take money out of their banks for spending? Ask the children how they get money for their banks.

    Make a tally (on the chalkboard or chart paper) of the different ways they make money. Set the listening purpose by informing the children that they will hear a story about a boy who receives money and spends it.

  2. Read Alexander Who Used to Be Rich Last Sunday by Judith Viorst (see Bibliographical References).
  3. Lead a class discussion about the book.
    1. I wonder how Alexander felt about his use of money? I wonder what he will do the next time he gets money? Has anything like this ever happened to you?
    2. What were some ways that Alexander handled his money?
    3. What things or circumstances caused the character to part with his money?
    4. What would you have done with the money?
    1. Day One:Anticipatory Set:Look at the jar that the children are using to collect money together. Talk about how much money there is and what could be purchased with that amount of money. Remind them to bring more coins if possible. Set listening purpose by informing the children that they will hear a story about a little girl who, together with her mother and grandmother, saved change to buy a special chair. Tell them that in the story they have a jar like ours.
  4. Read A Chair for My Mother by Vera Williams (see Bibliographical References).
  5. Lead a class discussion about the book
    1. I wonder how the girl telling the story felt about her use of money? I wonder what she will do the next time she gets money? Has anything like this ever happened to you?
    2. How did she handle money?
    3. What things or circumstances caused the character to need more money?
    4. What would you have done with your money if you were her?
  6. Compare A Chair for My Mother and Alexander, Who Used to Be Rich Last Sunday.
    1. How are the characters alike/different?
    2. How is money used in each of the stories?
    3. Which character do you identify more with?
  7. Give each student a piece of blank paper. Instruct them to fold the paper into two equal parts and label one part “save” and the other part “spend.” Have them draw pictures and/or words to represent these concepts.
  8. Go back to the charts from the previous lesson. After reading these stories, the students may have more ideas about the meaning of the words save and spend.
Assessment 
Teacher observation of student participation during class discussion. A written representation using pictures and/or words to illustrate the concepts save and spend.

Philanthropy Framework

  1. Strand PHIL.I Definitions of Philanthropy
    1. Standard DP 05. Role of Foundations
      1. Benchmark E.4 Describe the concept of saving for the future.
    2. Standard DP 06. Role of Family in Philanthropy
      1. Benchmark E.2 Identify examples of families supporting giving and sharing.
  2. Strand PHIL.II Philanthropy and Civil Society
    1. Standard PCS 02. Diverse Cultures
      1. Benchmark E.4 Demonstrate listening skills.