Students learn about the advantages and disadvantages of saving and credit, and they have an opportunity to obtain homework passes on credit. In this lesson, students use the book, Stone Fox, to understand income, capital, saving, taxes, and credit. Stone Fox tells the story of Little Willy, a ten year old who enters a challenging dog-sled race in hopes of winning money to pay the back taxes on his grandfather's farm. 1 Rate It Tarantula Shoes Students read a book about Ryan O'Keefe, a young man who wants a pair of basketball shoes promoted by a basketball star. They learn about spending, saving, opportunity cost, and trade-offs as they study Ryan's decisions throughout the book.
Students keep a diary of expenses to track their spending and examine their opportunity costs.
In this lesson, students use the book, The Berenstain Bears' Mad, Mad, Mad Toy Craze, to learn about spending, collecting, opportunity cost, saving, and speculating. The Berenstain Bears' Trouble with Money Students read about the cubs' spendthrift ways and how Mama and Papa Bear teach them to earn and save. After reading The Hundred Penny Box, students compare how people save money in financial institutions. Students analyze the advantages of regular saving and how savings grow with compounding. In this lesson, students read a story about a family living in a shelter.