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Money Instructor Menus Home lessons learning about contact register -- Spending Log .entry-header -- -- LESSON DESCRIPTION In this lesson, students keep a log of all their spending for a period of time (day/week/month) to help identify their spending habits and patterns. How do you spend your money? Understanding your current spending patterns and habits will help you understand how to budget and better manage your money. Distribute the attached worksheet to students. Students should be instructed to keep track of their spending for one week. For each item or service they spend money on, they should write the day, time, description of the item or service purchased, dollar amount spent, and the reason they made the purchase. If privacy is a concern, then the item description may be changed to a category rather than a specific item or service. After the week is over and students have completed the worksheet, have them analyze their spending log to identify trends and habits. Monthly activity: Alternately, do this activity for a month, rather than a week. Use separate log pages for each week. Students will have a better idea of their spending patterns if they use a month rather than a week. Lesson extension: Have students ask a family member to also keep track of their spending using the spending log. Then have them compare their spending to their family member. GRADE LEVEL 9-12, Young adults CONCEPTS Understand spending habits Money values and attitudes Personal finance OBJECTIVES Students will: Track their weekly spending. Learn to understand their spending habits. Identify ways to improve their spending decisions and behavior. Identify sensible vs unwise spending TIME REQUIRED Varies. Out of class assignment. 1 week normal time required. 1 month optional. Longer time periods also possible. .entry-content -- -- Get Lesson -- Categories Budgeting , Spending Money Tags 10th , 11th Grade , 12th Grade , 9th Grade Leave a comment .entry-footer -- -- Understanding your Money Habits .entry-header -- -- LESSON DESCRIPTION In this lesson, students learn to understand and identify what are their money habits. Every money decision you make either reinforces good or bad money habits. The first step toward creating good money habits is to first identify the money habits you currently have. Distribute the attached worksheet to students. They should first list the money habits they have, related to spending, saving, and sharing. Then, they should identify each habit as either good or bad and state the reason why. Give the students some examples of money habits to help them get started. For example, seeing an item on sale at the store and buying it even though they did not go to the store for that item. Or, saving $1 for each $10 they earn in a box they keep at home, etc. After the students complete the worksheet, have a discussion about the positive and negative habits. What are the positive consequences of the positive habits they identified? What are the negative consequences of the negative habits? Additional task: For each bad money habit, ask students to identify what they could do to improve that habit? Is there something they could do to replace the habit with another more positive habit? GRADE LEVEL 9-12, Young adults CONCEPTS Understand money habits Spending Saving Sharing Money values and attitudes Personal finance OBJECTIVES Students will: Describe their positive and negative money habits. Learn to understand the difference between wise and unwise habits. Identify ways to improve their spending decisions and behavior. TIME REQUIRED 20 minutes .entry-content -- -- Get Lesson -- Categories Budgeting , Saving & Investing , Spending Money Tags 10th Grade , 11th Grade , 12th Grade , 9th Grade Leave a comment .entry-footer -- -- Abraham Lincoln and the Five Dollar Note .entry-header -- -- LESSON DESCRIPTION In this lesson, students participate in a puzzle activity to identify leadership characteristics that Abraham Lincoln possessed. They review the changes in the redesigned $5 note and consider how Lincoln’s leadership characteristics contribute to the fact that he is pictured on the $5 note. Students look at a timeline of Lincoln’s life and identify significant events in his road to the White House. They play a game to review content learned in the lesson. GRADE LEVEL 5-8 CONCEPTS Characteristics of money Coins Counterfeit Currency Money Timeline OBJECTIVES Students will: Describe leadership characteristics possessed by Abraham Lincoln. Describe the characteristics of money. Explain why Lincoln is featured on the $5 note. Identify important events in Lincoln’s road to the White House. Identify features of the redesigned $5 note. TIME REQUIRED 75-105 minutes .entry-content -- -- Get Lesson -- Categories Basic Money , History of Money , Money Recognition Tags 5th Grade , 6th Grade , 7th Grade , 8th Grade Leave a comment .entry-footer -- -- Starting a Budget Introduction .entry-header -- -- Below are some budget lesson starters — printable worksheets to use with a teaching lesson introducing budgeting. Print both of the lessons below. Suggested Grade Level 4th – 6th Grade. Fourth Grade. Fifth Grade. Sixth Grade. Special education. Teens Teenagers Kids. Worksheet #1: PERSONAL BUDGETS – NEEDS WANTS Excerpt – Have you ever thought about what you would most like to buy when you begin to earn money? At some stage in your life you will have to make decisions on how to manage your hard-earned income. You will have to balance your spending and income. This is called “budgeting” … Get Lesson Worksheet #2: PERSONAL BUDGETS – YOUR BUDGET Excerpt – Create a budget for yourself for the next week. Remember to record all the income you will be receiving. Make a list of your expenditures, prioritizing your needs and wants… .entry-content -- -- Get Lesson -- Categories Budgeting Tags 3rd Grade , 4th Grade , 5th Grade , 6th Grade , 7th Grade 2 Comments .entry-footer -- -- Introduction to Earning Money .entry-header -- -- An introduction to earning money. Teaching Objectives: Students will learn why they should earn money. Students will learn how to earn money. Students will understand what they can do with the money they earn. Suggested Grade Level 4th – 6th Grade. Fourth Grade. Fifth Grade. Sixth Grade. Special education. Teens Teenagers Kids. Earning Money Lesson Plan Teaching Materials: Earning Money Lesson – (see below for printable lesson) Procedure: Teachers may either print out the lesson activity and have students read it themselves, or use it for your own lesson. Students should complete the exercise at the end of the lesson. Additional classroom ideas: Have the students create brochures, business cards, and business plans for their business. Have a job fair and invite parents, teachers and community members to come and see what your students have to offer. Talk about competition and what they need to do to set themselves above the others that offer the same service – customer service, promptness, politeness, etc. Follow up this lesson with lessons on budgeting and saving. Lesson Excerpt: Why Should I Earn Money? As you get older, you’ll have more freedom to spend more money on your own. The problem is you might not have that money to spend. Your parents might give you an allowance, but you might want to have more spending money. You might also want to save to buy a more expensive item, so earning some extra money can help jump start your savings. How Can I Earn Money? There are many things you can do to earn money. The key, however, is finding the things that appeal to your likes and interests. If you don’t really like dogs, you probably should not start a dog walking business even if your best friend makes a lot of money doing it in her neighborhood. Continued… View Full Lesson: Print out the teaching lesson pages and exercise worksheets for use with this lesson: .entry-content -- -- Get Lesson -- Categories Earning Money Tags 4th Grade , 5th Grade , 6th Grade , ...