My Bank, My Decision!

Grades: 
K, 1, 2

The children make a personal three-part bank for saving, spending, and donating; they decide how much they will put in each part of the bank. 

Duration 
PrintOne Forty–Five Minute Session
Objectives 

The learners will:

  • use art media to create a “bank” to use at home.
  • plan how to divide up earnings into the three-part bank.
Materials 
  • a variety of collected and cleaned containers such as water bottles, milk containers, cardboard tubes, potato chip tubes (three per child) 
  • Here is a design for making a four-part bank from an oatmeal container.
  • a variety of collage and art materials to use as decorations (buttons, glitter, cut up fabric, pieces of felt)
  • paper and markers to label the canisters
  • glue, scissors, markers
Teacher Preparation 

Make one three-part bank as a model. Pinterest has many images for ideas. The three cylinder-shaped containers are attached side by side so the openings all face the same way

Instructions

Print
  1. Anticipatory Set:

    Remind the children that they made some plans for saving, spending, and donating. Today they will make a homemade bank with three parts so they can start putting their money into those categories, as they planned. 

  2. Show the three-part bank model and give some directions so they each make their own. (Note: you can show the model in advance so they have the opportunity to bring in their own containers.)

    • Use three matching containers. Align them side by side and attach with glue and tape. Then decorate the containers creatively with the provided art materials. Label the three containers with save, spend, and donate. 
    • Encourage them to share ideas for how they would like to save their money - for personal use and as donations.

Philanthropy Framework

  1. Strand PHIL.II Philanthropy and Civil Society
    1. Standard PCS 02. Diverse Cultures
      1. Benchmark E.6 Describe the concept of personal wealth.
  2. Strand PHIL.IV Volunteering and Service
    1. Standard VS 03. Providing Service
      1. Benchmark E.1 Provide a needed service.
      2. Benchmark E.2 Describe the goals of the project and their impact.
    2. Standard VS 04. Raising Private Resources
      1. Benchmark E.1 Identify why private resources (volunteers and money) are needed.