Lesson 1: Money in Our Lives
Duration of Days: 5
Lesson Objective
Discuss their personal financial decision-making process
Identify their money personality based on personal behavior and choices
Analyze financial decisions and the influence of personal/external factors
Prioritize goals and values when faced with spending decisions
Practice making financial decisions centered around savings goals
Assess emotional and financial tradeoffs
Explain the importance of having goals for their future
What is a tradeoff?
What is a want vs a need?
What is my spending personality and how does that affect how I use money?
Spending
1a. Identify personal goals for spending and saving
1c: Explain why people with identical incomes make different choices for spending, saving, and managing money
2b: Explain the types of information most helpful in making a purchase decision
Saving
1a: Identify the most common reasons that people save money for the future
2b: Explain how a person’s personality type might affect their willingness to save or to stick to a savings plan
2d: Discuss how savings decisions can affect financial wellbeing
Students will have discussions and watch videos about spending money and what their attitude is toward money. They will take a spending personality quiz and discuss how their personality is connected to how they view money and make decisions about spending money. DOK 1-3
paper copies of digital documents
completion of the digital documents