This Little Piggybank Went to Market

STUDENT'S VERSION

This lesson printed from:
http://www.econedlink.org/lessons/index.php?lid=865&type=student

INTRODUCTION

Do you have a piggy bank, change purse, penny jar, or some other place where you keep money? Maybe you have earnedcoin purse some money by doing chores or delivering newspapers, or you have been given money as a gift.

Piggy banks and penny jars are good places to keep money safe. Perhaps you want to keep from losing your money, or keep your brother or sister from finding it.

money in the bankMaybe you are saving up all your coins to buy something special, and you would like to keep track of how much you have saved. Keeping your money in one place makes that a lot easier, doesn't it? Grown-ups use banks too. They take the money they make at work and put it in banks to keep it safe.

Consider any situation where you did work and got paid for that work. Fill in the data retrieval chart with the information in numbers, words, or illustrations.

TASK

You will be learning about these things:

  • Why people work and what they get in return for their work.
  • Why banks are the safest place to keep the money you earn.

PROCESS

Step 1 - Getting Paid dollar sign

  • Grown-ups have jobs. Can anyone tell me what a job is?
  • Today, you will all do a job, and you will each get paid for the work you do.
  • Once your tasks have been performed, you will be paid for your work. Leave their pay sitting atop their desk.

Step 2 - Keeping the Money Safe

  • Next time, we will be using this money in a buying and selling game.
  • So, where should we keep our money until then? Where would it be safest?

Step 3 - Creating the Bank

  • Now we are going to make a bank here in class. How would you like to do that?

CONCLUSION

You should now be able to:

  • Recognize work as the source of wages.
  • Understand the vital role played by banks in keeping money secure.

ASSESSMENT ACTIVITY

To test what you have learned do the interactive Piggy Bank activity.