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Follow the Money Rules: Grade 1 Lesson Plan Number One
Updated

Follow the Money Rules | Financial Education Lesson Plan for Grade 1 LP #1Teaching First Graders That Good Money Choices Help Their Dreams Come True

By first grade, children are beginning to think more intentionally about the future. They are starting to understand that what they do today can shape what happens tomorrow.

That’s one reason why this line from the song Follow the Money Rules is so meaningful:

“You’ll get to do more of the things you want to do.”

When students truly hear and reflect on that message, something powerful happens.

They begin to see that following money rules isn’t about being told “no.” It’s about creating more “yes” in their future.

And when good money choices are connected to a dream that truly matters to them, it can become a powerful motivator; one that can make all the difference in building strong habits, especially those that require patience and delayed gratification.

Good money choices open doors. They create more opportunities. And step by step, they help dreams come true.

Lesson Focus (Grade 1)

Big Idea: Good money choices help us do more of what we want in the future.

Primary Concept:
Following money rules is a recipe for success.

Standards Alignment:

  • Council for Economic Education (CEE) – Buying Goods and Services

  • Jump$tart National Standards (K–2) – Saving

  • CASEL – Responsible Decision-Making & Self-Management

Why This Matters in First Grade

First graders are goal-oriented.

They want:

  • A toy

  • A book

  • A special outing

  • A reward

But they are still learning patience.

This lesson connects money to empowerment:

When you make good money choices, you give yourself more chances later.

When students sing:

“Step by step follow the money rules…”

They begin to understand that success is built gradually.

That idea builds confidence and cultivates patience.

Classroom Lesson Plan

Objective

Students will explain how good money choices help them reach a goal and create more opportunities.

Materials

Warm-Up Discussion (5 Minutes)

Ask:

  • What is something you want but don’t have yet?

  • Can you always get what you want right away?

  • What might help you get it later?

Introduce the idea:

Good choices today help tomorrow.

Song Experience (5 Minutes)

Play the song.

Ask students to listen carefully for:

“You’ll get to do more of the things you want to do.”

Afterward, ask:

  • What do you think that means?

Repeat the chorus together.

Repetition builds internal language.

Mini-Lesson (7–10 Minutes)

Explain clearly:

A recipe helps you make something good.
Money rules are like a recipe for success.

Write on board:

Good Money Choice → More Opportunities

Example:

Spend all your money on small treats → Nothing left later.
Save some money → You can buy something bigger later.

Ask:
Which choice helps you do more of what you want?

Connect back to the song:

“Money rules are a recipe for success.”

Saving and spending smart are ingredients in that recipe.

Activity (10–15 Minutes)

Students complete two parts:

Part 1 – Draw a Goal
Draw something they want in the future.

Part 2 – Explain the Choice
Complete the sentence:

“If I follow the money rules, I can ______.”

Encourage responses like:

  • Save for my goal.

  • Buy something special.

  • Do more fun things.

Companion Assessment

Pre-Assessment (Before Lesson)

Short oral or written:

  1. What is a good money choice?

  2. Can your choices today change what happens later?

  3. Why might someone save money?

Teacher notes:

  • Understanding of cause and effect

  • Early awareness of delayed gratification

Post-Assessment (After Lesson)

Part 1 – Multiple Choice

If you want something that costs more than you have, what should you do?

A) Spend all your money now
B) Save your money
C) Give your money away

Correct answer: B

Part 2 – Short Response

Students complete:

“Following the money rules helps me ______.”

Look for:

  • Reach my goals

  • Do more things

  • Save for something

  • Make good choices

What Success Looks Like

By the end of this lesson, students should:

  • Understand that money choices affect future outcomes.

  • Connect saving to opportunity.

  • See rules as helpful, not limiting.

Most importantly…

They begin to feel that they are in control of their future — even in small ways.

That feeling of control builds financial confidence.

Extending the Habit

Throughout the week, teachers can ask:

“Did your money choice today help you do more of what you want?”

Students can share examples like:

  • Saving part of their allowance

  • Waiting before buying something

  • Choosing wisely

The goal is not perfection.

It is awareness.

Because when children understand that their choices create opportunity, they begin to act with intention.

And intention builds success — step by step.

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