Financial Literacy by stella golovach https://padlet.com/stellagolovach/66xrjavsllpxiply 3 Lesson Unit en-us 2021-08-04 12:29:03 UTC 2021-08-06 12:35:19 UTC hello@padlet.com Lesson 1 - Payment Methods stellagolovach https://padlet.com/stellagolovach/66xrjavsllpxiply/wish/1668843868 Expectation:
F1.1 describe the advantages and disadvantages of various methods of payment that can be used to purchase goods and services

Minds on:
Have students think about the last time they purchased something. Was it a good or service? How did they pay for it? As a class, brainstorm the different ways that you can pay for something.
Assessment: Take note of what students know about payment methods

Action:
In pairs, create an informational poster about one method of payment to share with the class. Poster can be completed online or on paper. Online tools: Canva, Piktochart
Assessment: Co-create success criteria, descriptive feedback from teacher. 

Gallery Walk:
Discuss each others posters. Facilitate a discussion around why do we need to know our options for paying?
Assessment: Students explain their thinking, justify their answers/strategies.

Show What You Know:
Pose a question around purchasing goods, ask students to decided what would be a good way to pay for that item.
Assessment: Determine if student can understand that there are some methods that will make more sense than others.  

Journal
How do you prefer to pay for purchases?  Why?
Assessment: Student Reflection - Look for student reasoning rather than which payment method they chose.

]]> 2021-08-04 12:30:30 UTC https://padlet.com/stellagolovach/66xrjavsllpxiply/wish/1668843868 Lesson 2 - Financial Goals stellagolovach https://padlet.com/stellagolovach/66xrjavsllpxiply/wish/1668852893 Expectations:
F1.2 identify different types of financial goals, including earning and saving goals, and outline some key steps in achieving them
F1.3 identify and describe various factors that may help or interfere with reaching financial goals

Minds On:
Have students think about where they see themselves in 10 years. Ask them to write a paragraph or draw a picture of themselves in the future. 
Assessment: Consider if students can think of a financial goal.

Action:
Instruct students to pick one financial goal and make a plan to reach it that goal. Have students conference with peers and give each other feedback and suggestions for improvements.
Assessment: Co-create expectations, peer feedback, descriptive feedback from teacher. 

Consolidation:
Facilitate a discussion around peer sharing. How did sharing with a partner help improve your plan? Next, lead into why they think it is important to consider the factors that might affect reaching their goal.
Assessment: Students explain their thinking, justify their answers/strategies.

Show What You Know:
Pose a question involving reaching a financial goal. Ask students to list the steps to reach this goal.
Assessment: Determine if students can list basic steps of planning for a financial goal.

Journal:
Having a financial goal is important because...
Assessment: Student reflection - Recognizing that financial goals can help us identify and carry out the steps needed in order to get what/where we want.

]]> 2021-08-04 12:40:53 UTC https://padlet.com/stellagolovach/66xrjavsllpxiply/wish/1668852893 Lesson 3 - Moving Money stellagolovach https://padlet.com/stellagolovach/66xrjavsllpxiply/wish/1668865793 Expectation:
F1.5 describe trading, lending, borrowing, and donating as different ways to distribute financial and other resources among individuals and organizations

Minds On:
Show the students the following words: Lend - Borrow - Trade - Donate. Think/Pair/Share the meaning of the words. Then, together create definitions to match the words.
Assessment: Gauge if students can connect to and understand the terms.

Action:
Jigsaw Activity; Create home groups and and give each student in a group a role of earner-trader-donor-borrower-lender. Divide students into expert groups and brainstorm arguments to convince others that their money concept is the smartest option. Now in their home groups, pose a question that will encourage them to develop a skit.
Assessment: Group conversations, skit performance, descriptive feedback from teacher.

Consolidation:
Talk through the reasons for each money decision.
Assessment: Students explain their thinking, justify their answers/strategies.

Show What You Know:
Pose a question that provides student with the opportunity to explain what they would do if they earned X amount of money and their reasoning.
Assessment: Determine if students can provide a reason for their decision. 

Journal:
Some advantages and disadvantages for borrowing money are...
Assessment: Student reflection - Understanding that borrowing money isn’t always good or bad. There are pros and cons to each and situations when it makes sense.

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