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.
Audience
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

Discussion


Worksheet


Quiz
Needs vs Wants Quiz

Answer Key

Worksheet

