To Save or Spend? | Ophea Teaching Tools

    To Save or Spend?

    Intermediate (Grades 9-12)
    Activity Description

    Students analyze a scenario where they have won a cash prize for a poster design contest. They must decide how to use their winnings by considering different variables.

    Learning Goals

    I can use a decision-making model to explore how I’d save and/or spend money and how decisions could affect my future.

    Curriculum Expectations
    C2 Making healthy choices, C3 Making connections for healthy living

    Cross-Curricular Expectations

    Language: Oral Communication, Reading, Writing

    Materials
      • Chart Paper/SMART Board

      • Markers

      • Sticky Notes

      • Exit Card (see attachments)

      • Decision-making Graphic Organizer (see attachments)

      • Optional: Padlet app

      • To Save or Spend? Take-Home Activity (see attachments)

    Key Concepts
    Prior Knowledge and Skills
    • Consequences

    • Pros and cons

    • Short and long-term needs and goals

    Minds On
    • Students use sticky notes to write items and experiences they’d like to buy or save up for.
    • On a T-Chart, students place sticky notes as a need or a want.
    • Teacher leads discussion on what makes an item or experience a need or a want.
    Action
    • Teacher introduces the Decision-making Graphic Organizer. Students use it to think through two personal items or experiences they choose from the T-Chart. They need to take into consideration short and long-term consequences of their choices. Focus should be on how a financial decision affects future well-being.
    • Students make a final decision about the items or experiences chosen, including any changes they would make to their original model.
    • Teacher may have students share one decision in small groups or as a class.
    Consolidation
    • Students complete an Exit Card reflecting on their learning and write a journal entry explaining their final decision.
    • Teacher co-creates an anchor chart with student ideas about making healthy decisions when purchasing or saving up for an item.
    Debrief
    • List 3-5 strategies you could use when making decisions about saving or spending money.
    • How has this activity made a difference in the way you think about your financial decisions in the future?
    Extended Learning
    • To Save or Spend? Take-Home Activity (see attachments)