LESSON PLAN FOR PRIMARY STUDENTS ON FINANCIAL MANAGEMENT

LESSON PLAN – PRIMARY SCHOOL

Date                     : 13 JULY 2010

Time                    : 60 minutes

Class                     : 3 KEMBOJA

No. of students       : 25/25

Level of proficiency      : INTERMEDIATE

Theme                  : FINANCIAL GOALS

Topic                    :  STUDENTS FINANCIAL PROGRAMS

Learning outcomes:

1.     Learn the importance of money in daily usage.

2.     Value of the money.

3.     How to spend

4.     The responsibility saving money.

5.     Manage the financial usage when grown up.

Learning objectives: At the end of this lesson, the children will be able to:

      1. Produce an attractive coin box.

      2. Save on spending by using the self-made coin box.

      3. Use the coin box to keep their savings (this will inculcate the savings habit).

Educational Emphasis:

1.       Thinking skills

2.       Multiple Intelligences

Resource materials:

1. Diagram of sample coin box

2. Bamboo stalk (teacher may suggest using other materials)

3. Color paper

4. Glue

5. Paint

Induction set/ introduction:

1. Invite the children to sing a song which has a similar

melody to “Mari Mengundi” (“Come to Vote”, a popular jingle)

Lyrics of the song:

Marilah mari, kita menabung (Come, come, let us save)

Tunaikanlah kewajipan, diri sendiri (Fulfil your duties to yourself)

(Repeat 3 times)

2. Discuss the following with the children:

i. The advantages of keeping money in the coin box.

Anticipated responses:

a. Can save money in small amount on a daily basis

b. Inculcate the habit of thriftiness

ii. The advantages of keeping money in the bank.

Anticipated responses:

a. Secured and safe

b. Can generate more money from interest/ returns

iii. The advantages of smart money management.

Anticipated responses:

a. For emergency purposes

b. For future use

c. To achieve financial goals

Teacher may give the following comments:

Advantages of having a personal budget

1. Likely to spend more on needs rather

    than wants.

2. Able to save.

3. Avoid unnecessary spending.

4. Always have enough money in hand.

5. Live a comfortable life.

Consequences of not having a personal budget

1. Not able to keep track on flow of money.

2. Burden with debt - give example of

    consequences when an adult borrow money from loan sharks (Ah Longs).

3. Emergence of social problems, for example robbery/ murder, snatch theft,

    maltreatment/ child abuse.

4. May continue living in poverty.

5. Not able to save money for higher education.