Lesson: Spending, Saving, and Giving: Money can be used in three ways: to spend, to save, and to give. When we spend, it can be spent on things that we need or for things that we want but don’t need. A budget is a plan you can use to spend your money wisely. Budgets include money that we get and how we choose to use that money: to save, spend, or give. A budget teaches you how to make sure that you have enough money to pay for what you need. Another part of managing money is having a place to put it, such as a savings account or a piggy bank.
Your Destination: For this activity, you will be going through a budgeting handout and making a piggy bank. You can use it to start saving your money like the man in the story used the pot. By the end of this lesson you should understand a simple way to budget your money and spend/save better.
Travel Kit: Empty recycled cereal or tissue box, construction paper, scissors, glue, googly eyes, pipe cleaners, markers, paint (optional)
On the Path
Step 1: Start by covering the box with construction paper. You can also paint the box if you want
Step 2: Now decide what you want your bank to be. Use your imagination. It could be a piggy back, robots, a monster, a dragon, etc. Draw and cut out what you need to make your creation. For example, if you are making a pig, cut out a circle for the head, a smaller circle for the nose, legs, and a tail
Step 3: Once you have all the parts cut out, you can assemble them on any part of the box. Glue or tape it down
Step 4: Now using the scissors or a craft knife and an adult, cut a slot in the top for the money to drop into. If you are using a tissue box you can use the slot that is already there.
Step 5: You can write down what you are saving up for on the back of the box and finish decorating your bank with markers
Step 6: Place the piggy bank somewhere where you will remember to put your money in it so you can start saving!
Learn New Vocabulary: debt, saving, budget, spending
Discussion Questions: What are some things you want to save up for to buy? What other lessons can you think of that the author of the story wanted to get across? Have you ever saved up for something before?
Find Resources and Visual Aids:
https://www.advance-africa.com/the-money-in-the-pot-of-butter.html
https://www.kixcereal.com/diy-cereal-box-piggy-banks/
https://www.scholastic.com/regions/pdf/RegionsYR2-StudentWorksheet4_3-5.pdf
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