Teaching about Money (Financial Literacy) to Children - Week 6 Curriculum

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Table Of Contents

Week 6: Needs vs. Wants
Activities:
Lesson Plan:
Worksheets:
Book List:
Tools & Equipment:
Toys & Materials:
Teaching Learning Materials (TLMs):

Week 6: Needs vs. Wants

Activities:

Interactive Sorting: Engage students in a hands-on activity where they categorize items from magazines and catalogs into “needs” and “wants” using sorting bins or mats.
Discussion on Needs and Wants: Facilitate a discussion on the difference between needs and wants, encouraging students to share examples from their own experiences.

Lesson Plan:

Understanding Needs and Wants: Explore the concept of needs and wants, emphasizing the importance of distinguishing between essential necessities and desirable luxuries.
Real-life Examples: Use examples from children’s daily lives to illustrate the difference between needs (e.g., food, clothing, shelter) and wants (e.g., toys, gadgets, entertainment).

Worksheets:

Cut and Paste Activity: Provide a worksheet where students cut out pictures from magazines and categorize them into needs and wants, reinforcing their understanding of the concept.

Book List:

“Those Shoes” by Maribeth Boelts: Supplement the lesson with a story about a boy who learns the difference between needs and wants while shopping for new shoes.

Tools & Equipment:

Magazines and Catalogs: Provide materials for students to cut out pictures of various items for the sorting activity.

Toys & Materials:

Sorting Bins or Mats: Use bins or mats labeled “needs” and “wants” to facilitate the sorting activity and make it visually engaging.

Teaching Learning Materials (TLMs):

Visual Aids: Display visual aids depicting examples of needs and wants to help students understand the concept more clearly.

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Rewati Raman Vishewar, M.Ed., is an experienced education professional with over 23 years of experience in the education sector. He has worked for private education companies as well as in the NGO/Government sector. His active area of work is focused on preschool to primary grades, with a strong emphasis on curriculum development, teacher training, assessment, and research. Several Universities (Delhi University, Jamia Millia Islamia, MS University, Ambedkar University Delhi et al.) have accepted his research to be presented at Conferences. In his recent research, he studied the efficacy of assessment and feedback mechanisms in early childhood care and education (ECCE) across India for the Square Panda Foundation (submitted to the Ministry of Women & Child Development, India). He also reviewed the ECCE curriculum of Bodh Shiksha Samiti, the adolescent curriculum (ECCE to primary grades) of Doosra Dashak, and the ICDS curriculum of all States of India. His review of ICDS Curriculum of Bihar was accepted for presentation at the ECCE Conference of Ambedkar University Delhi. Raman has provided curriculum development, teacher training, and assessment services to premium private preschools. He has also conducted a six-month research project (unpublished) into a multi-grade, multi-level curriculum by conducting classes at SDMC Primary (Govt.) School, where children from underprivileged/low socio-economic families study. With his extensive experience and expertise, Raman is committed to making a positive impact in the education sector by improving curriculum, training teachers, and conducting research to ensure the best outcomes for students.

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