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Do You Like to Spend or Save?

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Summary

After briefly discussing spending and saving habits, the class takes a poll to see how their peers like to manage money. Then students graph their findings and discuss the survey results.

Coin Type(s)

  • Cent
  • Nickel
  • Dime
  • Quarter
  • Half dollar
  • Dollar

Coin Program(s)

  • Generic

Objectives

  • Students will collect, organize, and describe data.
  • Students will construct, read, and interpret data.
  • Students will solve problems that involve collecting and analyzing data.
  • Students will explore concepts of chance.

Major Subject Area Connections

  • Math

Grades

  • Kindergarten
  • First grade
  • Second grade

Class Time

Sessions: One
Session Length: 20-30 minutes
Total Length: 0-45 minutes

Groupings

  • Whole group

Terms and Concepts

  • Probability
  • Problem Solving
  • Statistics

Materials

  • Paper
  • Chart paper
  • Markers

Preparations

  • Cut out a small paper square for each student in the class
  • Use chart paper to create a classroom graph with two areas:  Spend and Save.
  1. Cut out a small paper square for each student in the class, and use chart paper to create a classroom graph with two areas:  Spend and Save.
  2. As a class, discuss coins and the different places people keep their money—wallets, coin purses, piggy banks, jars, banks, etc.
  3. Give each student a paper square and crayons. Have them draw a piggy bank to represent their own money.
  4. Ask the students whether they like to spend or save. To answer the question, have each student come to the front of the room and glue his or her bank under Spend or Save on the graph.
  5. As a class, analyze the results. Ask questions such as: How many students in our class like to save their money? How many like to spend their money? How many more people in our class like to do one more than the other? What else can you tell about the students in our room from this graph?

Differentiated Learning Options

Have students create a bar graph of the classroom responses using graphing software, such as The Graph Club or The Cruncher.

Enrichments/Extensions

  • Find Web pages or books about saving money and how interest lets people earn money while saving money.
  • Take a class field trip to a local bank.

Technology Extensions

Have students create a bar graph of the classroom responses using graphing software, such as The Graph Club or The Cruncher.

Observe and discuss the activity with the students to see whether they have met the lesson objectives.

Discipline: Math
Domain: K.MD Measurement and Data
Grade(s): Grade K
Cluster: Describe and compare measurable attributes
Standards:

  • K.MD.1. Describe measurable attributes of objects, such as length or weight.
    • Describe several measurable attributes of a single object

Discipline: Mathematics
Domain: K-2 Data Analysis and Probability
Cluster: Develop and evaluate inferences and predictions that are based on data.
Grade(s): Grades K–2
Standards:

In K through grade 2 all students should

  • discuss events related to students' experiences as likely or unlikely.

Discipline: Mathematics
Domain: K-2 Data Analysis and Probability
Cluster: Formulate questions that can be addressed with data and collect, organize, and display relevant data to answer them.
Grade(s): Grades K–2
Standards:

In K through grade 2 all students should

  • pose questions and gather data about themselves and their surroundings;
  • sort and classify objects according to their attributes and organize data about the objects; and
  • represent data using concrete objects, pictures, and graphs.