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Financial Literacy in Action
|Teaching Plan: Activity #4 Spending Plans|
Discussing the activity
Ask the class to access p. 4, "Projects." Explain that the class will now participate in a learning exercise about spending plans. After that, each student will be required to complete one of the following projects: 1) create a written instructional manual; 2) create an instructional manual on video cassette; 3) create an online instructional manual. Prior to starting the learning exercise, have students explain their answers to the following questions:
Discuss with the class your specifications and expectations for the projects, including deadlines; criteria for grading their instructional manuals; and format. Teachers must assign each student one of the positions listed on the chart on page 11, in order for them to complete the exercise in Tutorial #3 in the Student Learning Activities about budgeting.
Explain to students that most of the information for their projects should come from reading the tutorials. Divide the class into five groups. Assign each group one of the following pages and related websites to read : p. 9, "Families and the Need for a Spending Plan." p.10, "The Budgeting Process", p. 11, "Your Turn to Create a Spending Plan", p.12, "Budgeting Tips", and p.5, "More Information About Spending Plans".
After their reading, have the students explain their answers to the following questions: