Anthony Cuffari

Dr. Drobnak
EGP 335
I. Budget Lesson Plan Draft:
1. 35-50 minutes
2. Economics
3. Budgeting money
4. Savings, spending, budget, interest, invest, income, expenses
5. Reading skills, chart and graph skills and thinking skills.
6. The broad goal of the lesson is to have the students think about money and all its uses
II. Content Outline
I.
Lesson 3-Earn, Spend and Save
A. What to Know: How do families earn, spend, and save money?
B. A Family Earns Income
1. There are many ways family members can earn an income from an array of
careers
2. Reading Check-Generalize: How do members of the Wright family earn income?
C. A Family Spends and Saves
1. Spending Money
a. Families use their income to pay for things they use every day
b. Money is spent mostly on housing and food but also clothing, leisure activities,
and charity.
c. Money is also saved
D. Saving Money
1. Savings: money saved
2. Deposit: to put savings into the bank
3. Interest
a. The money a bank pays people to keep their money in their bank
b. The money a person pays to borrow money
4. Banks loan money to people borrowing to start businesses or to buy houses
4. Invest: to buy something that will grow in value
4. Reading Check-Generalize: How do the Wrights save money?
E. A Family Makes a Budget
1. Budget: a plan for spending and saving money, which includes
a. How money is made
b. Income from each job
c. How they spend money
2. A budget helps a family see where their income is spent and how much theyre
able to save to reach economic goals
2. Reading Check-Main Ideas and Details: How can a budget help people save
money?
F. Summary
1. Families earn, spend, and save money

2. They use income for goods and services

3. Making a budget helps spend and save wisely
G. Review
1. How do families earn, spend, and save money?
Vocabulary:
A. Income- the money that you make from work
B. Spending- to use (money) to pay for something
C. Saving- the amount of money that you have saved, usually in
a bank
D. Budget- A plan for spending and saving money
E. Expenses- the amount of money that is needed to pay for or
buy something
III. Objectives:
Students will be able to describe the components of a
spending/budgeting plan
Students will be able to create a budget plan using the
outline worksheet
IV. Standards:
PDE SAS:
11.1.3.B Family & Consumer Science, Financial & Resource
Management for 3rd grade
Define the components of a spending plan (e.g.,
income, expenses, savings)

NCSS Thematic Strands: PA.6.2.3. Economics

6.5.3.G. Standard Statement: Define saving and explain
why people save.
V. Teaching Procedures:
A. Introduction/Anticipatory Set
1. I will introduce the lesson by asking the children to turn
and talk to a partner about what they already know about
spending and saving money
2. I will have a few students share their ideas and we will
discuss them together as a whole group
B. Input
1. The main component of the lesson is an interactive
Smartboard presentation.

2. The Smartboard lesson first will go over the vocabulary

terms and give the students a chance to interact with the
Smartboard doing a vocab matching activity.
3. We will then have a discussion on what budgeting is and
break it down into three parts: 1) Income 2) Expenses 3)
Saving
4. I will have students turn and talk with each other about
an example for each of the 3 parts of budgeting
5. The students will share their ideas and I will record them
on the Smartboard
C. Guided Practice
1. I will bring up the budgeting plan worksheet example
and go through it as a whole group with the class.
2. I will invite students up to the Smartboard to help me fill
in the worksheet
D. Small Group Practice
1. I will place the students into small groups of 2-3 to
complete the budgeting plan worksheet
2. I will be going from group to group, answering and
questions or helping out anyone who needs it
E. Differentiation
I will differentiate this lesson based on the specific
learning and behavioral needs of my students.
F. Closure
1. I will go back over the key vocabulary terms through
showing a YouTube video and will have a discussion about
it.
VI. Formative/Summative Assessment(s)
1. Each student will participate in the class discussion of
saving and spending money and how it relates to creating
a budget
2. Each student will complete the budgeting plan
worksheet and turn in
VII. Materials/Equipment
Smartboard lesson
Pencils/pens
Budgeting plan worksheet
VIII. Technology
Smartboard and internet access

IX. Reflection on PlanningI feel like this lesson does will give the children the necessary
background information on budgeting and all that is involved in saving
and spending money. It was kind of hard finding a good video that
would be appropriate for 3rd graders and at the same time give good
and relevant information. If the students are not focused and actively
engaged in the lesson it could definitely be a struggle to get through
the worksheet. It fits into chapter 12 about spending, saving &
budgeting money. For a future version of this lesson I would like to
incorporate an iPad or computer activity for the children to do.
Teacher and Student Resources and Evaluation of Resources
A.

Student Reading Resources:

B.

Berson, M. (2010). Social studies: Our communities. Orlando, Fla.:

Houghton Mifflin Harcourt School.

Teacher Resources for Lesson Design:

Berson, M. (2010). Social studies: Our communities. Orlando, Fla.:

Houghton Mifflin Harcourt School.

http://www.moneyandstuff.info/lessons/2bbudgetingless
on_allowance.pdf
https://www.youtube.com/watch?v=nPvjyC4TSuE

A. Evaluation of Teacher Resources Used for Lesson Planning

Design. Attach a chart that analyzed the resources used.
*Use this template or a similar format to record your evaluation of 3 or
more sources used in your lesson planning.
Resource Title
or Website
Address

Our
Communitie
s

Influence:
Significant
Influence (SI)
or
Minor
Influence (MI)
in informing
your thinking,
decisions
about the
lesson plan

3+ Characteristics
suggesting that the
source is a quality
resource, reliable
material

SI main
reading
and
content

Houghton
Mifflin
Schoolused
textbook
Authors

Accessibility
Access for
teachers or
others

Overall Rating
and Suggestions
for current,
future use of
resource

Very
accessible

3.5/5
Decent
explanation,
supplement
ary material
needed

Money &
Stuff

SI used
worksheet

YouTube clip

MI

Education
resource
website
Ohio Credit
Union
Financial
Resource
Great
drawings
Good info
Source: Chad
Shiel

Very
accessible

4/5
Good lesson
plan and
worksheet

Very
accessible

3/5
Would like
more text
and
commentary
than
drawings