Lesson Plan

Facilitating the Savings Debate

Engage students in a structured debate on the benefits and drawbacks of saving versus spending to enhance their financial literacy and critical thinking skills.

This lesson helps students understand personal finance concepts and decision-making processes by analyzing real-world trade-offs between saving and spending.

Audience

Time

Approach

Materials

Prep

Teacher Preparation

10 minutes

Step 1

Introduction

5 minutes

Step 2

Financial Literacy Overview

5 minutes

Step 3

Group Preparation

10 minutes

Step 4

Debate Session

20 minutes

Step 5

Conclusion

10 minutes

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Slide Deck

Pros and Cons of Saving

Introduce the topic with a clear title and visual aesthetics that match the provided color scheme. Emphasize the goals of the slide deck in clarifying what saving means and why it matters.

What is Saving?

Explain the basics of saving. Provide definitions, and relate saving to everyday life. Ask students for examples of why people might choose to save money.

Advantages of Saving

Discuss key advantages of saving. Encourage participation by asking students to think of how saving has benefitted their family or community.

Drawbacks of Saving

Now cover potential drawbacks of saving. Explain that while saving is important, excessive saving without spending can sometimes lead to missed opportunities or lower quality of life. Ask students for opinions on finding a balance.

Finding the Balance

Wrap up the slide deck by highlighting the importance of balance between saving and spending. Use this slide to transition the debate discussion. Ask reflective questions about how to maintain balance.

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Discussion

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Saving vs. Spending: The Great Debate

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Tier 1
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