Clay Piggy - Sample Lesson

Grades K-5 | Financial Literacy | Cloud-based

Overview: Introduction to Spending Decisions

For a printable version of this lesson, click here.

This lesson introduces elementary students to the concept of being responsible for managing money and making smart decisions with money.  Guiding young children in simple choices now will give them the experience and confidence to make their own decisions as they grow.  Making smart money management decisions teaches children responsibility and enhances their ability to function successfully in their teen and adult years.  Students need to understand the effects of their money-related decisions.  Through positive educational experiences they can learn to be responsible in their financial decisions.


Introduce spending decisions to assist children in making smart money choices.  

Lesson Objective

  • Gain self-confidence in making decisions
  • Analyze simple alternatives
  • Develop rational behavior patterns
  • Gain understanding of spending behavior outcomes

Student Activity

This activity encourages students to think about real-life money choices and their results.

  • Use the prepared situation statements or make your own situations
  • To have more scenarios, let each student make a card about a difficult choice they experienced
  • Have a student draw a card from the pile of cards and read it to the class
  • Ask the student to tell what he or she would do in this situation
  • Ask the rest of the class for other comments
  • Repeat with other students and choice cards
  • Discuss how these situations are similar to selections that the students make every day

Money Responsibility

Money choices are sometimes difficult.  Print and cut out the following money situations.  Once you have cut them out, mix them up and have someone else pick one at random.  Discuss the chosen card with your partner, then select another one.  You will find that there will be many different options on some of these.

Situation 1

You lend part of your allowance money to a friend.  Your friend promises to pay you back tomorrow, but doesn’t.  What should you do?

Situation 2

You lend a friend money.  Your friend repays you the borrowed money.  A week later, the friend repays you a second time. What do you do?

Situation 3

You and your best friend go to the movies.  Your friend wants to buy popcorn but doesn’t have enough money.  You have some extra money in your pocket.  Describe what you would do and why.

Situation 4

You spend all of you allowance on video games at the arcade.   Now you don’t have enough money for lunches the rest of the week.  What would you do?

Situation 5

Walking home from school, you find a wallet with $100 in it.  The owner’s identification is in the wallet.  What would you do?

Situation 6

You and a friend go to the movies.  The price for children 10 and under is half price.  You just turned 11 but the ticket seller thinks you are under 10.  What would you do?

Situation 7

Create your own:

Situation 8

Create your own:

Situation 9

Create your own:

Situation 10

Create your own:

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