📖

Spending Wisely

Saving and Spending

Day 153of 180
Week 31of 36
20Minutes
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🖨️ Download Worksheet (PDF)
🎯 What You'll Learn

Learning Objectives

1

Understand how to make wise spending choices

2

Learn to ask important questions before buying

3

Recognize the difference between wants and needs

📖 Scripture Connection

Proverbs 21:5

“The plans of the diligent surely lead to profit; and everyone who is hasty surely rushes to poverty.”

— Proverbs 21:5 (WEB)

God wants us to think carefully about how we use our resources

📦 Materials Needed

  • Play money
  • Small toy items
  • Picture cards of various items
  • Piggy bank
📚 Step-by-Step

Lesson Plan

1Opening (5 min)

Gather students in a circle and show different items. Ask them to imagine they have some money and want to buy something.

💭 Review Question: What does it mean to spend money wisely?
2Teaching (8 min)

Today we'll learn how to make smart choices about spending money. Before buying something, we should ask three important questions: Do I need this? Can I afford it? Is it worth the money?

📌 Key Talking Points:
  • Needs are things we must have to live
  • Wants are things that would be nice but aren't necessary
  • It's important to think before spending
💬 Discussion Questions:
  • What are some things you need?
  • What are some things you want?
  • How can we decide if something is worth buying?
3Activity: Wise Spending Choices (5 min)
scenario discussion

Play a game where children decide if different items are needs or wants

📝 Instructions:
  1. Show picture cards of various items
  2. Have children sort items into 'Need' or 'Want' groups
  3. Discuss why each item was placed in its group
🔄 Variations:

Simpler: Use fewer picture cards

Challenge: Add more complex scenarios about spending

4Closing (2 min)

Remember, God wants us to be careful and thoughtful with the money and resources He gives us.

📝 Review Questions:
  • What are the three questions to ask before spending?
  • Can you give an example of a need?
  • Can you give an example of a want?
🙏 Prayer:

Dear God, help us to be wise with the money You give us and to think carefully before we spend.

Coming up: Tomorrow we'll learn about setting saving goals!

💎 Memory Verse

Proverbs 21:5

“The plans of the diligent surely lead to profit”

— Proverbs 21:5 (WEB)

🎯 Activity: Repeat verse while pretending to count money carefully

👨‍👩‍👧 For Parents

Teaching Notes

📚 Background:

Young children are learning the basics of financial decision-making

💡 Teaching Tips:
  • Use real-life examples
  • Demonstrate thoughtful spending
  • Encourage children to ask questions about money
🤔 Common Struggles:

Children often struggle to distinguish between needs and wants

👀 Signs of Understanding:

Child showing consideration before 'buying' something

🚀 Want More?

Extension Activities

  • Create a simple wants and needs collage
  • Play store with play money and discuss spending choices
  • Read age-appropriate books about money management

Ready for Tomorrow?

Great job completing today's lesson!

Continue to Day 154 →Back to History & Social Studies