Money FRENZY Essential Question What is the difference between saving and spending money? Gr. 4 Financial Literacy Savings Money FRENZY

September 19, 2018 Do Not Save What is Left After Spending But Spend What is Left After Saving What do you think this quote means? Warren Buffet

Spending and Saving Go Hand and Hand Money FRENZY September 19, 2018 Spending and Saving Go Hand and Hand $$MONEY Money Does Not Grow on Trees Tell students that spending and saving go hand in hand. In order to do both, what do you need? When the students answer, click so that Money pops onto the slide. Say: You need to have money in order to spend and save. So, how do you get money? Does it grow on trees? Click, no it does not grow on trees. Click, You have to earn it. How do you earn money? (working, chores, allowance, starting a business) Click You can also receive money? How do you receive money? (gifts : birthday, holiday, reward) Earn IT!! Receive IT!!

Money FRENZY September 19, 2018 Summer vacation has officially begun. To earn money you will become an Entrepreneur, by starting a business. In this activity you will be earning, spending, and saving money. As a team you will pick your Business. Every time you earn money one person from your team will deposit $3, while the other team member deposits $6. You will record all transactions in your account register. You will also earn a $20.00 allowance. Give each student the “Account Register” handout. Divide the class into groups of two. Explain to the students when they earn money throughout the slides they will have to save a portion. One person from the team will save $3 and the other will save $6 every time they earn money. The left over money will be deposited into the spending account. Review with the students the register. The register is divided into two parts a savings record and a spending record. The spending record contains an area for transactions, deposits, debit, and balance. Do the first slides with students to guide them.

$20.00 Allowance Day!!! OR Money FRENZY Tell students that they get $20.00 allowance. Take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

You need to earn extra $$$, What are you going to do? Money FRENZY You need to earn extra $$$, What are you going to do? Wash Cars. Earn $5.00 each Tell students to choose a business to start. Record the job and income in the hand out. Remind students that every time they earn money they need to take out money and save it. Mow Lawns Earn $5.00 each. Walk Dogs. Earn $2.00 each Sell Lemonade. Earn $1.00 per cup

Your job costs you MONEY! To Make Money you Need To Spend Money Money FRENZY Monday Your job costs you MONEY! To Make Money you Need To Spend Money Dog Walking expenses: $5.50 for a box of Dog Biscuits Car Wash expenses: $ 15.00 supplies. Lemonade Stand expenses: $10.00 supplies Lawn Mover expenses: $ 6.00 gas Having a business costs money. For example, you might need to buy supplies or items to sell. Tell students to record the expenses for their business job in the spending account. Spend the rest of the day with friends.

Money FRENZY Lemonade Stand- Sold 22 cups Dog Walker- Walk 12 dogs Worked Today! Car Wash- Wash 4 Cars Lemonade Stand- Sold 22 cups Dog Walker- Walk 12 dogs Lawn Mower- Mow 4 yards. Calculate your Earnings!! Don’t forget to deposit into your SAVINGS!! Tell students to calculate their earnings based on the job the chose in the beginning. They need to multiply by the income earned for the job. For example, 1 car earns you $5 so 4 cars earns $20.00. Remind students that they will take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

Ride On! Money FRENZY Have fun riding bike with friends. Spend $3. on drinks and snacks. Record spending in the debit column and calculate the balance.

Oh No! Money FRENZY Your bike gets a flat. Buy a new tire for your bike, spend $12.50. Record spending in the debit column and calculate the balance.

Hello, May I Help You? Money FRENZY Go to work with DAD. Answer phones all day and earn 3 times your allowance. Tell students that they get $20.00 allowance. (Give students time to figure it out) They are making 3 time that much. $60. Take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

Money FRENZY Cones Unlimited Stop at the ice cream shop. Treat your friends to an ice cream. $9.75. Cones Unlimited $1.95 Record spending in the debit column and calculate the balance.

Bon Voyage!! Go sailing with friends Pay the captain. $7.35 Money FRENZY Bon Voyage!! Go sailing with friends Pay the captain. $7.35 Record spending in the debit column and calculate the balance.

Business is BOOMING Today! Money FRENZY Business is BOOMING Today! Car Wash- Wash 6 Cars Lemonade Stand- Sold 30 cups Dog Walker- Walk 15 dogs Lawn Mower- Mow 6 yards. Calculate your Earnings!! Don’t forget to deposit into your SAVINGS!! Tell students to calculate their earnings based on the job the chose in the beginning. They need to multiply by the income earned for the job. For example, 1 car wash earns you $5 so 4 cars earns $20.00. Remind students that they will take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

It’s time to Replenish!! Money FRENZY Supplies Are Low It’s time to Replenish!! Dog Walking expenses : Buy 2 boxes of Dog Biscuits $11.00 Car Wash expenses: Soap $20.00 Lemonade Stand expenses: $15.00 supplies Lawn Mover expenses: $ 12.00 gas Record spending in the debit column and calculate the balance.

$25.00 Allowance Day!!! OR Money FRENZY Tell students that they get $20.00 allowance. Take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

Gone Fishing!! Money FRENZY Go fishing buy bait and supplies. Spend $25.36 You catch a big one, sell it to the seafood market. Earn $15.00 Record spending in the debit column and calculate the balance. Remind students to take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

Money FRENZY Lemonade Stand- Sold 15 cups Dog Walker- Walk 7 dogs Business is SLOW Today! Car Wash- Wash 3 Cars Lemonade Stand- Sold 15 cups Dog Walker- Walk 7 dogs Lawn Mower- Mow 3 yards. Calculate your Earnings!! Don’t forget to deposit into your SAVINGS!! Tell students to calculate their earnings based on the job the chose in the beginning. They need to multiply by the income earned for the job. For example, 1 car wash earns you $5 so 4 cars earns $20.00. Remind students that they will take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance.

Go to the book store and buy a book. Money FRENZY Join a Book Club!!! Go to the book store and buy a book. $ 9.95 Record spending in the debit column and calculate the balance.

Winner!!! Money FRENZY Win 1st Place at the Go Cart Race Win $25.00 Prize Tell students they will be saving all their winnings. Deposit $25.00 into your saving account.

It’s Your Best Friend’s Birthday. Buy a gift $15.25 Money FRENZY It’s Your Best Friend’s Birthday. Buy a gift $15.25 Record spending in the debit column and calculate the balance.

Sold your STUFF for $15.00 Money FRENZY Take out $3 or $6 dollars and deposit it into the saving account by writing the amount in the deposit column under the saving account. Then deposit the difference into the spending account and calculate the balance. Sold your STUFF for $15.00

Candy, Chocolate,Taffy, OH MY!! Money FRENZY Candy, Chocolate,Taffy, OH MY!! Buy 5 lbs. of Candy for $11.25 Record spending in the debit column and calculate the balance.

Money FRENZY Go to the MOVIES with Friends. You PAY Movie Ticket: $7.25 Popcorn and Drink: $12.25 Record spending in the debit column and calculate the balance.

$ 95.89 $ 65.75 Video Game $ 49.99 $ 150.25 Choose an item from the store. Once students choose then click through so that the prices come up. Ask the students to take a look at there account. Can you buy the item you want? Tell students to answer the questions in the handout. Trip to the Fair $ 80.00 Movie $ 19.99

September 19, 2018 Do Not Save What is Left After Spending But Spend What is Left After Saving Ask students to analyze this quote. They will answer question 12 in the handout. Warren Buffet