Family and Consumer Sciences Portfolio



Annie Little and Courtney Shields FCS 3804-H Lesson Financial Goals Annie and CourtneyWelcome: 5 MinEach child will introduce themselves to the instructor say their favorite ice cream. The instructors will introduce themselves to the children and then go into what we will be talking about and how it can help them when they get older. Ask them these questions: What can you buy with money? (examples: Candy, toys, etc.)Where do you put your ?money to keep it safe? How do you earn money? ( allowance, chores, birthday money, babysitting) Lesson: 10 min Wants vs Needs - Explain the difference between a want and a need and to do decide what to buy. What is a want and a need? Need: Something you have to have in order to fulfill basic needs in life.Want: Something that is not necessary to fulfill a basic need. Something we desire to have. What do you spend your money on? Is it a want or a need? Have a sign for wants vs needs put on a poster then list of different items of wants and needs that the children can decide which one it is. After having the children put on the differences of wants and needs, talk about why it is important to decide between wants and needs when creating a budget. Knowing wants and needs helps us create a budget. The more you save is the more you have! Budget: the children will be given a story and an example of a budget they can fill out with the story. They will have money that they earned, and expenses they will have to account for, and they have to figure out what they will do with their money. Describe the difference between income and expenses. ?Income: money that is earned or gained. ?Expenses: money that has to be spent to pay a bill, or pay for something you buy. Excel sheet of budget (example)Story of what they have with income and expensesHave them fill in their own budget ?Parfait Snack: 10 min The children will $10 in paper money that they have to decipher between wants and needs by buying their desert with items priced at different price points and they will buy their parfait with what they may really want but don’t need. Questions to ask while they are eating: Who wants to now save their money? What are you going to do next time you earn money? What is something you might want to save for? Pricing: Yogurt = $4 Strawberries = $2 Bananas = $2Gummy bears = $4M&M’s = $4 Material List Bowls - one giant one and 4 small ones Utinels Ice cream scoopers Signs for snacks (We will provide) Strawberries Bananas Yogurt Cutting boards Knives to cut fruit Sticky tackTable cloth for snack tableKid budget ?(We will provide) pencils/pens ? ................
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