Lesson Plan

Life Choices and Financial Literacy

Students simulate real-life scenarios using a board game to explore financial literacy and the consequences of everyday life choices.

This lesson empowers students to connect decision-making with future outcomes, fostering responsible financial behaviors and thoughtful planning.

Audience

Time

Approach

Materials

Prep

Teacher Preparation

10 minutes

Step 1

Introduction

5 minutes

Step 2

Game Simulation

35 minutes

Step 3

Debrief and Reflect

15 minutes

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Game

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Discussion

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Slide Deck

Welcome to Financial Literacy Basics

Introduce the concept of financial literacy. Explain that understanding money management is a key skill for every person. Mention that today's game will help demonstrate these principles.

Key Financial Terms

Discuss essential vocabulary related to financial literacy such as saving, budgeting, spending, and investing. Use examples to explain each term.

Real-Life Applications

Provide real-life applications of the concepts. Explain how these principles apply to everyday decisions, from saving for a toy to planning for college.

Linking to Our Game

Discuss a brief overview of the game they are about to play and its connection to financial literacy. Encourage questions to ensure understanding.

Summary & Questions

Conclude by summarizing what was covered and setting the stage for the interactive game simulation. Invite students to ask any remaining questions.

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Game

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The Game of Life: Navigating Financial Literacy and Life Choices

Jade Hodge

Tier 1
For Districts