session 2
DESCRIPTION
Session 2. Personal Financial Literacy and Children’s Literature. Objectives:. We will explore ways to incorporate PFL into other subject areas. We will see some lesson demonstrations. How Can We Teach PFL?. Incorporate it into math Incorporate it into literacy. Monster Musical Chairs. - PowerPoint PPT PresentationTRANSCRIPT
Session 2Session 2Personal Financial Literacy Personal Financial Literacy and Children’s Literatureand Children’s Literature
Objectives:Objectives:
We will explore ways to We will explore ways to incorporate PFL into incorporate PFL into other subject areas.other subject areas.
We will see some lesson We will see some lesson demonstrations.demonstrations.
How Can We Teach How Can We Teach PFL?PFL?
Incorporate it into mathIncorporate it into math Incorporate it into literacyIncorporate it into literacy
Monster Musical Monster Musical ChairsChairs
Monster Musical Chairs by Monster Musical Chairs by Stuart J. MurphyStuart J. Murphy
I need 5 volunteersI need 5 volunteers You’ve just demonstrated You’ve just demonstrated
scarcity!!scarcity!!
Something Something Special For MeSpecial For Me
Book: Book: Something Special For Something Special For MeMe by Vera B. Williams by Vera B. Williams
Economics Concepts: Scarcity, Economics Concepts: Scarcity, Choice (Costs and Benefits), Choice (Costs and Benefits), and Opportunity Costand Opportunity Cost
PFL Standards for 2PFL Standards for 2ndnd and 4 and 4thth GradeGrade
Email Email [email protected]@gmail.com for for the lessonthe lesson
Opportunity Cost
Birthday
Wrap Shop
Accordion Imagine
Cost Benefit
Scarcity Choice
Opportunity Cost
Birthday
Wrap Shop
Accordion Imagine
Cost Benefit
Scarcity Choice
Words I Know Words I Don’t Know
I think that the girl will have a choice.
The girl has a birthday so she has to shop.
Choice: SkatesChoice: Skates
CostsCosts The jar of The jar of
moneymoney She may grow She may grow
out of themout of them She may get She may get
injuredinjured Not what she Not what she
really really really really wantedwanted
BenefitsBenefits She can She can
exerciseexercise She likes to She likes to
skate with skate with friendsfriends
She can raceShe can race
Pickle Patch Pickle Patch BathtubBathtub
Book: Book: Pickle Patch BathtubPickle Patch Bathtub by Frances Kennedyby Frances Kennedy
Economics Concepts: Saving, Economics Concepts: Saving, Savings Goal, Savings PlanSavings Goal, Savings Plan
PFL Standards for 1PFL Standards for 1stst and 3 and 3rdrd gradesgrades
Find lesson at Find lesson at www.stlouisfed.orgwww.stlouisfed.org -> -> Education Resources -> Education Resources -> Lesson PlansLesson Plans
Rock, Brock, and Rock, Brock, and the Savings the Savings
ShockShock Book: Book: Rock, Brock, and the Rock, Brock, and the
Savings ShockSavings Shock by Sheila Bair by Sheila Bair Economics Concepts: Saving, Economics Concepts: Saving,
Interest, Compound InterestInterest, Compound Interest PFL Standards for 5PFL Standards for 5thth grade grade Email Email
[email protected]@gmail.com for lesson planfor lesson plan
Brock Saved
Gramps Matched
Brock’s Total
Week 1 $1 $1
Week 2 $1 $1 $2
Week 3 $2
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Brock’s Saving Summary
Rock Saved
Gramps Paid Rock’s Total
Week 1 $1 $0
Week 2 $0 $1 $0
Week 3 $0
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Rock’s Saving Summary
Brock Saved
Gramps Matched
Brock’s Total
Week 1 $1 $1
Week 2 $1 $1 $2
Week 3 $2 $2 $4
Week 4 $4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Brock’s Saving Summary
Rock Saved
Gramps Paid Rock’s Total
Week 1 $0 $1 $0
Week 2 $0 $1 $0
Week 3 $0 $1 $0
Week 4 $0
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Rock’s Saving Summary
Brock Saved
Gramps Matched
Brock’s Total
Week 1 $1 $1
Week 2 $1 $1 $2
Week 3 $2 $2 $4
Week 4 $4 $4 $8
Week 5 $8 $8 $16
Week 6 $16 $16 $32
Week 7 $32 $32 $64
Week 8 $64 $64 $128
Week 9 $128 $128 $256
Week 10
$256 $256 $512
Brock’s Saving Summary
Rock Saved
Gramps Paid Rock’s Total
Week 1 $0 $1 $0
Week 2 $0 $1 $0
Week 3 $0 $1 $0
Week 4 $0 $1 $0
Week 5 $0 $1 $0
Week 6 $0 $1 $0
Week 7 $0 $1 $0
Week 8 $0 $1 $0
Week 9 $0 $1 $0
Week 10
$0 $1 $0
Rock’s Saving Summary
Compound InterestCompound Interest
We’re not all as lucky as Rock We’re not all as lucky as Rock and Brockand Brock
But banks give us interestBut banks give us interest Try it with an interest rate of Try it with an interest rate of
10%10% (Hint: multiply everything by 0.10 (Hint: multiply everything by 0.10
instead of 2)instead of 2)
Less Than ZeroLess Than Zero
Book: Book: Less Than ZeroLess Than Zero by by Stuart MurphyStuart Murphy
Economics Concepts: Economics Concepts: Saving, Spending, BorrowingSaving, Spending, Borrowing
PFL Standards for all!PFL Standards for all! Find lesson at Find lesson at
www.stlouisfed.orgwww.stlouisfed.org -> -> Education Resources -> Education Resources -> Lesson PlansLesson Plans
And so many more!!And so many more!!
Check out the websites:Check out the websites: www.stlouisfed.orgwww.stlouisfed.org www.philadelphiafed.orgwww.philadelphiafed.org www.wisepockets.comwww.wisepockets.com
Children’s Literature listsChildren’s Literature lists Email me: Email me:
[email protected]@gmail.com