Teaching about Money (Financial Literacy) to Children - Week 8 Curriculum

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Table Of Contents

Week 8: Wise Spending
Activities:
Lesson Plan:
Worksheets:
Book List:
Tools & Equipment:
Toys & Materials:
Teaching Learning Materials (TLMs):

Week 8: Wise Spending

Activities:

Role-Playing Scenarios: Engage students in scenario-based role-play activities where they must make spending decisions within a given budget, promoting critical thinking and wise spending habits.
Discussion on Budgeting: Lead a discussion on the concept of budgeting and its importance in making informed spending decisions.

Lesson Plan:

Understanding Budgeting: Introduce students to the concept of budgeting, emphasizing the importance of planning and prioritizing expenses to avoid overspending.
Practical Application: Guide students through practical exercises where they must allocate limited funds to meet various needs and wants.

Worksheets:

Decision-Making Scenarios: Provide worksheets with scenarios where students must decide whether to purchase or pass on certain items based on their budget constraints.

Book List:

“Lemonade in Winter” by Emily Jenkins: Share a story about two siblings who learn valuable lessons about entrepreneurship and budgeting while running a lemonade stand in the winter.

Tools & Equipment:

Pretend Shops: Set up pretend shops with items priced within a budget range, allowing students to practice making spending decisions in a realistic setting.

Toys & Materials:

Budgeting Board Games: Use board games that simulate real-life spending scenarios and require players to manage their finances wisely.

Teaching Learning Materials (TLMs):

Price Tags and Shopping Lists: Provide price tags and shopping lists for role-play activities, reinforcing the connection between budgeting and spending decisions.

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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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