Lesson Plan

Financial Literacy 101: Building Foundations

Understand basic financial concepts

This lesson introduces 8th-grade students to essential financial concepts such as saving, budgeting, and distinguishing between needs and wants. By building foundational skills in financial literacy, students will be better equipped to make responsible financial decisions in the future. This lesson is crucial as it empowers students with the knowledge to manage their finances effectively, fostering independence and financial responsibility.

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Time

Approach

Materials

Step 1

Introduction

10 mins

Step 2

Discussion on Needs vs Wants

15 mins

Step 3

Budgeting Activity

20 mins

Step 4

Quiz on Needs vs Wants

10 mins

Step 5

Closure

5 mins

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Discussion

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Worksheet

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Quiz

Needs vs Wants Quiz

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Answer Key

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Worksheet

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Financial Literacy 101: Building Foundations

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Patricia Wood

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