Student Teaching edTPA Lesson Plan Template

Subject: Social Studies Central Focus: Creating a budget for spending and saving.

Essential Standard/Common Core Objective:

5.E.2.1 Explain the importance of developing a
Date submitted: Date taught:
basic budget for spending and saving.

Daily Lesson Objective:

Students will be able to know how to create a budget for spending and saving. Students should receive 3/4 points to meet
the objective.

21st Century Skills: Academic Language Demand (Language Function and

Collaboration, work independently. Vocabulary): Explain,

Prior Knowledge: Students should know what money is and how to add/subtract it. They should have a basic
understanding of needs and wants.

Activity Description of Activities and Setting Time

1. Focus and Review
2. Statement of Objective
for Student
3. Teacher Input
Teacher will create two lists on the board. One with food, water,
house, and clothes. The other list will have a phone, video games, a
bike, and chips.
The teacher will ask students if they notice anything about the lists.
Could they think of a title for each list?
The teacher will then label the first list needs and the second list
wants. She will then say that we need money to buy both of these
things, which is why sometimes many people create a monthly
budget.
The teacher will say, Today we will learn the importance of a budget for
spending and saving.
Teacher will tell students that they need to know the differences
between wants and needs.
The teacher will ask the students what a want is. A want is something
that makes life more fun and interesting, but you could live without
them if you had to. Ask students to list examples of a want. Ex: video
games, phone, chocolate, a TV. The teacher will then ask students if
they know what a need is. A need is something people must have to
survive. Ask students to list examples of what a need is. Ex: water,
food, clothing, shelter.
The teacher will ask students if they know what a budget is. A
budget is a savings plan or a record of actual and estimated income
and expenses over a set period of time. Estimated income is money
that you anticipate earning or receiving for chore completion or
special occasions.

4. Guided Practice The teacher will tell the students they are now going to see what it is
like to have an income. They will have to decide what they need and
what they want with the amount of money they have.
Teacher will split the class into 5 groups. Each group will receive a
 budget activity worksheet.
The teacher will go over the worksheet with the class. Each group has
a certain amount of allowance a week. They will need to multiply
their allowance by 4 to see how much money they get a month. They
can then write that in the per month total.
After they get their monthly total they should add their birthday
money and other money to their monthly total. They can write that
total in the subtotal spot.
Next look at the savings area. Discuss with students why it is
important to save. What are some things that people may save up for?
Students should then subtract their savings total from their subtotals.
Students should then put the final amount on the money to spend line.
This is the total amount of money they will have to spend for the
month.
The teacher will tell the students that they will look at the pictures
below and decided what they can buy based off their wants and needs.
They should circle what they want to buy and subtract that from the
money they have to spend. They can not spend more than the dollar
amount they were given.
As a class each group will share the following: amount of money they
had to spend, how they made their spending choices, and the dollar
amount that they had left (if any).
The teacher will Explain to students that the remaining spending
money they have would rollover to the next month and be listed as
other money, if they were to repeat the activity again.
Ask students why it is important to have a monthly budget. Why is it
important to save for the future?

On a piece of paper students will write a definition on what a budget

5. Independent Practice is in their own words. They will write about one thing they may want
to start saving for in the future.

The teacher will collect the students paper with their definition and what they want
6. Assessment Methods of to save for.
all objectives/skills: If students wrote a correct definition and an item they want to save for they will
receive 4/4 points. (each part will be worth 2 points)

The teacher will tell students to turn to a partner and share what item
they may want to save for in the future.
7. Closure
The teacher will may call on a few students to share with the class.
The teacher will summarize why creating a budget can be beneficial.

8. Assessment Results of
all objectives/skills:

Targeted Students Modifications/Accommodations Student/Small Group Modifications/Accommodations

For struggling students I would put them with a group The students will work in small groups assigned by the teacher
of students who have a strong understanding of the to complete their inferences. If they seem unable to work in a
concept. I may create my own small group of students small group they may work independently.
who seem to greatly be struggling.

Materials/Technology: Paper, Worksheet, Pencil

http://www.moneyandstuff.info/lessons/2bbudgetinglesson_allowance.pdf
Reflection on lesson:

CT signature: ________________________ Date: ______ US signature: ____________________________Date: ______