Understanding the Basic Principles of Managing Money and Credit

The lesson “Understanding Basic Principles of Managing Money and Credit” helps to develop motivation and knowledge in children to enable them to be economically self-supporting in the future and helps them to understand the basic principles of managing money and credit. The children will learn about and understand how to identify how, where, and why we spend money in the community. Each child will have the opportunity to plan a simple budget. The lesson includes guided instructions for the teacher, including preparation, a script, and suggested activities to facilitate further learning in a fun and interactive manner. This lesson is designed for children between 6-8 years, and is the 40th lesson in the 1st Year “Managing Money” unit.