📖

Spending Wisely

Economics: Earning, Saving, and Spending

Day 113of 180
Week 23of 36
25Minutes
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🖨️ Download Worksheet (PDF)
🎯 What You'll Learn

Learning Objectives

1

Understand the importance of thinking carefully before spending money

2

Learn to compare prices and make wise purchasing decisions

3

Recognize that God wants us to be good stewards of resources

📖 Scripture Connection

Proverbs 21:20

“There is precious treasure and oil in the dwelling of the wise, but a foolish man swallows it up.”

— Proverbs 21:20 (WEB)

Shows the importance of wise management of resources

📦 Materials Needed

  • Play money
  • Price tags
  • Simple item cards
  • Colored markers
📚 Step-by-Step

Lesson Plan

1Opening (5 min)

Gather students and ask about times they've seen adults make careful spending choices. Discuss what makes a purchase 'wise'.

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

Explain that spending wisely means thinking about whether something is truly needed or helpful before buying it.

📌 Key Talking Points:
  • Compare prices before buying
  • Ask 'Do I really need this?'
  • Save money for important things
  • God wants us to be thoughtful with resources
💬 Discussion Questions:
  • What are some things you want to buy?
  • How can you decide if something is worth the money?
  • How might waiting help you make a better choice?
3Activity: Wise Shopping Challenge (8 min)
game

Students practice making spending decisions with play money and item cards

📝 Instructions:
  1. Give each student play money and item cards
  2. Display items with different prices
  3. Students must choose items wisely within their budget
  4. Discuss choices as a group
🔄 Variations:

Simpler: Use fewer items and simpler prices

Challenge: Add unexpected expenses to simulate real-world scenarios

4Closing (4 min)

Recap the importance of thinking carefully before spending money

📝 Review Questions:
  • What did you learn about spending wisely?
  • How can you make good choices with money?
🙏 Prayer:

Dear God, help us be wise with the resources You give us. Teach us to think carefully about how we spend money. Amen.

Coming up: Tomorrow we'll learn about giving money to help others and God's work

💎 Memory Verse

Luke 16:11

“If therefore you have not been faithful in the unrighteous mammon, who will commit to your trust the true riches?”

— Luke 16:11 (WEB)

🎯 Activity: Pass the coin - students pass a coin while reciting the verse

👨‍👩‍👧 For Parents

Teaching Notes

📚 Background:

Children are developing understanding of money and value

💡 Teaching Tips:
  • Model careful spending at home
  • Involve children in simple budgeting decisions
  • Praise wise choices when you see them
🤔 Common Struggles:

Children may struggle with delaying gratification and understanding long-term value

👀 Signs of Understanding:

Evidence of thinking before spending, asking questions about purchases

🚀 Want More?

Extension Activities

  • Create a savings goal chart at home
  • Practice comparing prices at the grocery store
  • Read children's books about money management

Ready for Tomorrow?

Great job completing today's lesson!

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