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Listen to the story and see questions below.
Lesson Plan
Talk about it with a parent and write your answers in your journal.
1. How did Alexander get his money? List some ways you get money.
2. How did Alexander use his money? Was he happy with how he used his money?
3. Did Alexander use a budget? Did he have any savings goals or did he spend on impulse (that's fancy for doing something without thinking)?
4. Have you ever spent money on something and then later wished you hadn't? What was it and how did it make you feel?
5. Have you ever saved for something you really wanted? Talk about how hard it was to wait and not spend your money.
6. Why did Alexander end up with only bus tokens?
7. What are some ways Alexander tried to get money after he had spent his entire dollar?
8. What should Alexander have done with his dollar instead? What would you have done?
9. Talk about how hard it can be to decide what's the best way to use our money.
KEY TERMS
ACTIVITIES
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Chore Reque$t Coupon Booklet
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Now that you've thought of something you really want and you're about to start saving for it, you need a way to keep track of how close you are to reaching your goal! Use the above savings tracker to keep track of your progress!
Think about something you would really like to have. Draw or cut it out of a magazine (with permission). Glue it onto the cloud. How long do you think it will take to save for it?
Now, if Alexander, had a budget, he would have realized that he should not have bought all the things he bought. A budget helps you to keep in mind how much money you have to spend and how much you need to save (which is like paying yourself)!
Here's a great way to earn some extra cash! Just cut out the coupons and staple to create your very own chore booklet. If Mom and Dad need something done, you help them out (for a fee, of course)!
Hey Parents!
Your kids are on their way to becoming money smart and responsible! The habits they are developing now will provide them with a lifetime of financial peace and stability. Strong money skills will make funding their dreams a breeze!
And that's where you come in! Talk with your kid about what they want, how long it'll take to save for it, and how much they'll need to save each week.
Don't worry, you don't have to be a money expert to model positive financial behavior. Check out the tools below and let your kid help you create the family budget!
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Click to get a printable family budget. Let your child help you fill it out so that they get practice organizing the family finances each month!
Click the dollar to get printable cash envelopes just for kids! These envelopes will help kids (and their parents) keep track of their spending.
This article is about teaching children discipline with money and getting them excited about saving and making responsible money decisions.
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