Activity 1: Saving Goals (Book: Curious George Saves His Pennies)
In the story Curious George Saves His Pennies, George wants to buy a new bright-red train, but he does not have enough money. At the suggestion of his friend, George saves his money to buy the train. In this lesson, the students draw an outline of a piggy bank, within which they write a word for or draw a picture of something they would like to buy. This becomes their savings goal. They listen to the story, and as George finds some ways to earn money, the students come up with ways they can earn money to reach their savings goals. Students are introduced to the difference between income and gift money. They participate in an activity where they determine if they are receiving income or gift money and how many weeks it will take them to reach their savings goal. Students also discuss why George did not buy the original red train he wanted. (from Federal Reserve Bank of St. Louis)
Activity 2: Saving Goals (Book: Beatrice's Goat)
In this lesson, students listen to a story about Beatrice, a little girl from Uganda who receives a goat, and the impact of that goat on her family. Students learn what it means to save and use estimation to decide whether or not four people have enough money to reach their individual savings goals. They also work through a set of problems requiring them to identify how much additional money must be saved to reach given savings goals. Students learn what opportunity cost is and identify the opportunity costs of savings decisions made by Beatrice and her family. (from Federal Reserve Bank of St. Louis)
Explore the meaning of goals through interactive games that get the whole class thinking about accomplishing new things. Then delve further into goal setting by reflecting on needs and wants to name class and individual student goals through engaging discussions and art projects. (from FDIC Money Smart program)