Grade: 5 Subject: Social Studies NCSCOS Goal: Objective: 5.E.2.

1 Explain the importance of developing a basic budget for spending and saving. Student Objectives: The fifth grade student will be able to: reate a budget for school! extracurricular activities! and food. "e able to select things off of a list and pa# for it while sta#ing within the budget. reate a savings after purchasing ever#thing needed in order to survive. Materials: $aper! pencil! pretend mone#! envelopes. Multiple Intelligences: This lesson incorporates visual%special! b# being able to actuall# see the mone# hold the mone# and put it where the# want it. This lesson will also include logical%mathematical b# being able to ma&e mathematical decision so the# don't go over the budgeted amount. Blooms: This lesson as&s the students to perform at the application and s#nthesis level of "loom's Taxonom#. Procedure: (ocus and )eview: * have just received a memo sa#ing that each student in m# class is about to receive +5, dollars apiece. "ut #ou do not get to spend it on just an#thing. -ith this mone# #ou have to create a budget. There are going to be different categories in #our budget and #ou can not go over #our budgeted amount. E periential E ercise: The students will receive the mone# and + envelopes! "eac#er Input: .s&/ -hat is a budget0 1o #our parents ever tal& about a budget0 *f so what are the# tal&ing about when the# sa# budget0 2and out mone# to students. .s&/ 3-hat do #ou see here04 Tell the students that wh# are going to have to choose three things that the# spend mone# on a lot! and don't forget the things #ou need in order to survive. 5eave it open for them to decide. 6ive them an example of what #ou would do. 7a#/ 3* would choose food! school! and clothes. Explain that not ever#one is going to spend mone# in the same places. 7ome people might pla# sports and want to spend their mone# on new sports supplies. 1ecide what things #ou want to put in #our budget and then how much mone# #ou are going to put in each categor#. Our fourth envelope for ever#one is going to be our savings envelope. 5ets tr# not to spend our mone# in ever# categor# so we can save some mone# for our next budget. Guided Practice:

5ets loo& together at the things at the board. -e have a pac& of pencils! several canned foods! and a new t/shirt. Ever#thing has its prices on it. *f we weren't to &now the price of something where could we go to find the price0 *f * wanted to bu# the canned food what budget of mine would it come out of0 .s& the same for the other two items. The teacher should show ever#thing in his or her budget before sending the students to do it on their own. ontinue ma&ing #our budget.

Independent Practice: The students will create their own budget b# writing down ever#thing the# would li&e to bu#. The# will have the use of *$ads to find out the exact cost of some things. 7tudents will be successful if the# don't go over budget and the# have shown that the# bought things in their categories the student will be successful. .nswers%"udgets will var#. Closure: 1id an# one have an# mone# left over to put in their savings envelope0 -h# do #ou thin& having a budget is important0 -hen do #ou thin& #ou use a budget in #our ever# da# life0 $ome%or&: .s& students to go home and interview their parents on budgets. .llow the students to ma&e up their own 8uestions and write down their parents' answers. Encourage students to ma&e the interview a serious assignment.