EconEdLink

Related Lessons

Lesson: You Can BANK on This! (Part 4)


You Can BANK on This! (Part 3)

Building on the first two lessons in the series, this lesson deals with savings and interest.

Grades: 3-5
Published: 07/25/2005

Giving Credit

This lesson introduces the role and importance of the 3 C’s -- capacity, character, and collateral – to being granted credit. An online story about a girl who fails to return soccer shin guards borrowed from a friend is used to spark discussion on responsible borrowing. In a second activity, students are introduced to the 3 C’s used by lenders to determine creditworthiness. Given everyday scenarios where they might be asked to make a loan, students must make a decision whether to grant credit based on what they know about the creditworthiness of the potential lender. The culminating activity asks students to identify ways they can establish and maintain their personal credit worthiness – principles that will be important throughout their lives.  

Grades: 3-5
Published: 12/02/2003

Big Banks, Piggy Banks

When choosing a place to put their money, people consider how safe there money will be, how easy it is to access, and whether it will earn more money. Students explore how well different savings places achieve these objectives. Students learn that people who don’t want to carry money with them or keep it at home often choose to put their money in a savings account at a bank or credit union. These financial institutions protect money from theft and other losses. They also pay interest on money deposited. This lesson works well as a follow-up to the ABCs of Saving.

Grades: 3-5
Published: 11/04/2003

Related Publications

The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.


Financial Fitness for Life: Grades 3-5 - Teacher Guide

This publication contains 15 lessons that complement the 3-5 Student Workbook. Specific to grades 3-5 are a variety of activities, including a guessing game using clues to identify various occupations; the story Urban Mouse and Rural Mouse which teaches students about entrepreneurs and opportunity recognition; and a role-playing activity in which students learn which method of payment is appropriate in a variety of situations.

Grades: 3-5
Published: 2010

10 out of 17 lessons from this publication relate to this EconEdLink lesson.

Choices and Changes: In Life, School, and Work - Grades 5-6 - Teacher's Resource Manual

This publication contains complete instructions for teaching the lessons in Choices and Changes, Grades 5-6. The Choices and Changes series is designed to help students understand how the U.S. economy works and their roles in the economy as consumers, savers and workers.

Grades: 5-6
Published: 2001

7 out of 15 lessons from this publication relate to this EconEdLink lesson.

Teaching Economics Using Children's Literature

This interdisciplinary curriculum guide helps teachers introduce their students to economics using popular children's stories.

Grades: 3-5
Published: 2006

6 out of 29 lessons from this publication relate to this EconEdLink lesson.