I teach at a Title I performance improvement school with the majority of our students participating in the free lunch program. For many of my students, school is where they have access to books, supplies, and other resources that support their academic achievements. Many of my students come from homes where their parents are working hard to make ends meet and want their students to be successful in school. My second graders are inquisitive and they love to learn; they inspire my teaching every day!
I often hear my students share what they want to buy when they have been gifted money; they understand the concept of money being used to purchase items, but they rarely talk about saving their money, and they often confused wanting something with needing it.
Developing financial literacy requires teaching skills that integrate second grade math standards with some of the basics about being financially responsible. As we have been working with money, my students are still having trouble with coin recognition and need practice with counting coins. This project will help make my students develop this import real-life skill, while teaching them the skills and knowledge they need to be financially responsible.
This project aims to give my students practice with working with money while integrating art.
The goal of this project is to help my students develop coin recognition and determine the values of different coin combinations, as well as to help my students understand the importance of saving and knowing the difference between needs and wanting to buy an item.
To develop coin recognition and proficiency of counting change, this project will have table partners "earn" coins for keeping their desks clean and organized, as well as making good work/behavior choices. Students will help identify earning opportunities. Play coins will be awarded and student teams will keep them in their table's "bank" made from the plastic utility boxes. They will have weekly opportunities to count their money and go to the class bank to make exchanges of smaller value coins for quarters, 50 cent pieces and $1 dollar coins. Students will also have the opportunity to practice solving money word problems and complete other activities and lessons to help reinforce math standards and skills related to money; the ink, colored pencils and folders will be used to support this part of the project and organize their work. Storybooks will be used to teach the difference between wants and needs and the importance of saving money. Students will use the art supplies to help make their own individual piggy banks for home use to keep money they will choose to save or use for an item that they either need or want. To culminate our project, I will reach out to one or our local banks to visit our classroom to talk to my students and their parents about opening student saving accounts to reinforce the benefits of learning how to save at an early age.
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