Money Savvy on Youtube

OK, forgetting that the source is Dr. Phil, this is a good video about the impact of Money Savvy fundamentals.

Once the video starts, grab the little circle and fast forward it to about :55 to skip all the promo stuff. It goes for about 5 minutes, but you can get the gist pretty quickly.

Here's the link --> http://www.youtube.com/watch?v=uW4yAoRn7VE

Math Problems

Here are the math problems we used for lessons 2 & 3.

Suppose Kwabena has 2 Dollar Bills, 3 Quarters, 2 Dimes, 1 Nickel, and 3 Pennies. How much money does he have?

Choices: $2.75 $3.56 $3.03 $10.45

If Brady deposits $5.00 into his bank account which amounts could he withdraw?

Choices: $4.50 $7.80 $1.00 $5.01

If Kwabena has $10.00 in his bank account how many $3.25 sandwiches can he buy?

Choices: 2 1 7 3

Lesson 3 Problems

List the different ways you could spend exactly $10.00 on these items. You can only buy one of each item.

T-shirt $5.00
Toy car $3.00
Stuffed Giraffe $2.50
Toy Train $7.00
Ball $4.50
Puzzle $2.00

Suppose Brady rakes leaves and gets paid $4.00 per yard. He wants to buy an X-box game which costs $25.00. How many yards will he need to rake to buy the game?

Lesson 3

 Lesson 3 – Muessel (This lesson was actually great as is, we didn't change much)

Title slide – What did we learn last week?

Give kids handout with problems on them.  Do problem #1 now and discuss.  Make a tally about different ways the kids could spend $10.00

Slide 1 – Kids can earn $ too

Did anyone earn any money over the weekend?  How? 

Explain how jobs that kids can do really are businesses, use slide for aid. 

Slide 3 – Entrepreneur stuff

An entrepreneur is someone who starts a business.   – Keep it very basic.

Slide 4 – Elena the entrepreneur

Great slide, just read through this one and move on to slide 5.

Slide 5 – Break even

Go over expenses – If she charges $5 a day how many days until she breaks even? 

“A business that fails its customers will fail itself”  - What do you think this means?

Slides 6-9

Great problem about the lemonade stand.  After slide 8 ask the kids how many cups of lemonade will Eric need to sell to earn $15 profit.  Walk them through the problem step by step.

Slide 10 -You can be an entrepreneur too

Have the kids draw business ideas of their own in the workbook, then discuss. 

Slide 11 – Recap what we learned this week

Talk about next week and pig

 

Lesson 2 - Muessel

Title slide – Review Key points from last time (History of money)

Slide 1 – Where do we get money? 5mins

·         What are some ways that you guys get money?  Either gifts or earning

Slide 2 – Where do grownups get money? – 5mins

·         From ATM’s Banks, probably won’t talk about currency exchanges. 

·         Its not magic, the money has to be put into the bank account before it can come out.

·         Can anyone tell me what a Bank is?

·         But they really earn money at their jobs. 

Slide 4 – Earn money at their Jobs – 5mins

·         Does anyone know what they want to do when they are grown up?  Give hints if necessary

Slide 7 – Time is Money – 5mins

·         What does that mean?

·         Explain that people trade their time for money. 

·         Give up free time to earn $$, what are you giving up your time for?

·         Why, because school is important, you will need it later to  earn money. 

Slide 8 & 9 – 5mins

·         Adults receive paychecks from their jobs.  Then they deposit their checks into bank accounts so they can use the money. 

Slide 10 & 11 – You can only take out what you put in. 20mins

·         Show basic examples from slide then transition to harder Q’s on overhead. 

·         At least one story problem. 

·         Do in class worksheet (something with drawing) – make a timeframe for completion and stick to it. 

Slide 13 – Summation and next week.  5 mins

·         What did we learn today, make list on overhead. 

·         Next week we will be talking about running a business and even kids can do things to earn money. 

 

Math ISTEPS, 2005-2008

The 2007-08 Annual School Performance Report was published in the South Bend Tribune on January 30, 2009.

Since 2005-06, both Muessel and Perley show upward trends, thanks in no small part to the teachers with whom we are currently working ! Both schools are now at a little over 50 percent passing.

We can see, though, that there is room to grow in stretching toward the state average and beyond.

The next ISTEP is coming up in March/ April. Let's use Money Savvy to play a part in helping prepare the kids for these important tests.

Lesson one outline

Day one lesson plan – Muessel 45mins

Title Slide – 10 mins

·         Brief personal intros

·         Can anyone tell me what Savvy means?

·         General objectives for the course

o   Encourage participation – mistakes are good

o   Show of hands – Have you ever traded anyone for something?

o   If I had 8 pieces of chalk and Kwabena had 3 erasers what would be a fair trade, how many pieces of chalk for one eraser.  Tally votes on board, comment on how its hard to agree on how much chalk you should give up for an eraser. 

Slide 2 – What is money? - 5 mins

·         Explain coins & paper currency

o   Made by the government, used to buy stuff.

o   Now say that each piece of chalk is worth $1 and an eraser is worth $3.  Now how many pieces of chalk would you trade for an eraser.  Tally results and explain how money makes it easier to tell how much stuff is worth. 

Slide 5 & 6 – Animals & Food – 5 mins

·         Years ago before money people used to trade things – like animals.

·         Comment on how much of a hassle that must have been – imagine if you had to herd animals instead of carrying a wallet. 

o   Ask the kids what problems might come from trading food – hopefully they have some creative answers. 

Slide 8 – Why bartering didn’t work out 2.5 mins

·         Basically just read caption – kids should have basic idea from chalk example

·         Make fun of Baaaaaad joke on slide

Slide 10 – Metal 2.5 mins

·         Just read caption – common metals traded were gold, silver, iron, and bronze

·         Money had to be weighed to tell how much it was worth. 

Slide 12 – A smart king invented money – 5 mins

·         Very similar to the money used today because it was made and controlled by the government.

·         Money fun facts – Two truths and a lie – see if the kids can pick out which isn’t true

o   The smallest coins ever used were smaller than apple seeds.  People carried them in their mouth so they wouldn’t get lost or stolen.   TRUE

o   A mile of pennies laid out is worth $3,466.  False, its only worth $844

o   The largest bill ever printed was $100,000.  True, it had president Woodrow Wilson on it. 

Exercise – 1 worksheet – 15 mins

·         Kids can work in groups – encourage collaboration

·         Walk around and help the kids as necessary

·         Brief discussion of worksheet & have the kids raise their hands to make a list of takeaways (give hints as needed)

Slide 13 – Touch on what we will go over next time.  

Cait (Carey of course), John, Geoff, Brady, Kwabena, Vanessa, Jamie, Bill, Jenn: What do you think?

The idea of this blog would be to inform, provide a stream of info about the Money Savvy project, but in particular give the volunteers and teachers a means of sharing successes, challenges, and new ideas. We could also collect all project materials (handouts, overheads, forms, etc.) in a way linked to the blog.

This could be a useful way to collect the history / story line of this experience and build our knowledge, and prepare for upcoming terms. It's amazingly easy to use, too - I can show you in about 10 minutes.

What do you think? good idea or bad ? (the answer to that is based on whether or not you're able / willing to add content, news, and prompt discussion from volunteers and other interested folks).

Hit the comment link below to provide your thoughts.