Lesson 1: Mental Accounting – How We Categorize Money
Duration of Days: 3
Lesson Objective
Explain how people mentally separate money into categories and how this affects spending.
Do people treat all money the same?
Why does “found money” feel different than earned money?
D2.Eco.2.9-12
D2.Eco.8.9-12
RH.11-12.1
Students explore how people assign meaning to money through budget simulations and everyday scenarios that reveal mental accounting.
DOK 2
Scenario choice
Visual organizers
Partner discussion
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Mental accounting scenario responses