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Personal Finance

Great Minds Think

OVERVIEW

Teachers – are you looking for classroom activities to learn more about personal finance in the real world? Here are a few hands-on ideas to get you and your students thinking – and talking – about smart economic decision making.

Grade Level
K-5

Lesson 1: Choices

Students will learn about making decisions and the cost, consequence, and benefits of each decision.


Lesson 2: Earning

In this activity, students will identify ways to earn an income, learn how to create a savings goal, and develop a plan for how to reach their savings goal. Students will also be introduced to the basics of banking.


Lesson 3: Spending

In this activity, students will learn about various payment methods, the difference between a need and a want, and the concept of opportunity cost.


Lesson 4: Budgeting

In this activity, students will learn about budgeting by creating a practice budget for a character from Great Minds Think. Students will then have the opportunity to demonstrate their understanding of budgeting by creating their own budget.


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