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Standards-Aligned Financial Literacy Lesson Plans (Grades K–8): Money Word — Choice
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Standards-Aligned Financial Literacy Lesson Plan (Grades K–8): Money Word — ChoiceLesson Plans

Dictionary Term Focus: Choice

Core Concept Across All Grades

Every money decision is a choice. When children learn to pause, think, and choose intentionally, they build skills that support better outcomes now and over time.

K–2 Lesson Plan

Grade Band: K–2 (Ages 5–7)

Big Ideas

I am in charge of my choices. Every money choice counts, no matter the amount. I can stop and think before I make a choice, including a money choice.

Learning Objectives

Learners can:

  • Recognize and understand the word choice

  • Connect the word choice to money and explain that using money involves making choices

  • Practice stopping and thinking before making a money choice

Standards Alignment

  • Council for Economic Education (CEE): Decision Making

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Responsibility and awareness

  • CASEL: Self-Management, Responsible Decision-Making

Materials

  • Dictionary definition of Choice (kid-friendly version)

  • Picture cards showing simple choices (save vs. spend, share vs. keep, wait vs. rush)

Lesson Flow (15–20 minutes)

1. Word Introduction & Sound Familiarity (2 minutes)

Teacher says:
“Today’s word is choice.”

Have students:

  • Listen to the word

  • Say the word together: “Choi ce.”

  • Say it once more slowly: “Choice.”

Teacher uses the word in simple sentences:

  • “I made a choice this morning. I chose to wake up on time instead of waking up late. I chose to eat an apple instead of an orange.”

  • “You can make a choice too.”

Explain:
“Today we are going to learn what the word choice means.”

2. Simple Definition & Meaning (3 minutes)

Teacher says and displays the definition:

“A choice means picking one thing instead of another.”

Have students repeat the sentence together once.

Teacher gives a concrete example:

  • “If I choose an apple, I don’t choose a cookie.”

  • “That is a choice.”

3. Warm-Up Conversation: Everyday Choices (3 minutes)

Ask:

  • “What choices did you make today?”

  • “Did you choose what to wear or what to eat?”

Reinforce:
“When you pick, you are making a choice.”

4. Bridge to Money Choices (3 minutes)

Teacher says:
“Sometimes our choices involve money.”

Ask:

  • “What money choices have we made this week?”

  • “Did anyone choose to save money?”

  • “Did anyone choose to spend money?”

Offer examples if needed:

  • “Maybe you chose to save coins.”

  • “Maybe you chose to buy a snack or toy.”

  • “Maybe an adult helped you make a money choice.”

Reinforce:
“Every time we use money, we are making a choice.”

5. Read & Discuss the Definition (4 minutes)

Read the kid-friendly dictionary definition of choice again.

Ask:

  • “Can we make more than one choice at the same time?”

  • “What happens when we choose one thing?”

Key idea to reinforce:
“When we choose one thing, we don’t choose something else.”

6. Guided Practice (3 minutes)

Show a picture card and ask:

  • “What are the choices?”

  • “What might happen if you choose this one?”

Students respond using the sentence frame:
“I stop and think before I choose.”

7. Practice Activity: Act It Out (3–4 minutes)

Students act out:

  • Stopping

  • Thinking

  • Choosing

Teacher reinforces:
“Good choices start with thinking.”

Assessment (Informal)

Students can:

  • Recognize and explain what a choice is

  • Identify a simple money choice

Take-Home Connection

Talk with someone at home about one money choice you noticed or helped make today.

Grades 3–5 Lesson Plan

Grade Band: 3–5 (Ages 8–10)

Big Idea

I am in charge of my money choices, and my choices have consequences or results. Good choices come from thinking things through.

Learning Objectives

Students can:

  • Recall and explain the meaning of the word choice

  • Identify money choices and describe the trade-offs involved

  • Explain how thinking ahead leads to different outcomes

Standards Alignment

  • Council for Economic Education (CEE): Decision Making (costs and benefits)

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Behavioral awareness

  • CASEL: Self-Control, Reflection

Materials

  • Dictionary definition of Choice (kid and grown-up versions)

  • Scenario cards (save vs. spend, buy now vs. wait, share vs. keep)

  • Chart paper or board

Lesson Flow (20–25 minutes)

1. Word Reintroduction & Meaning Check (4 minutes)

Teacher says:
“Today’s word is choice.”

Ask:

  • “Who remembers what the word choice means?”

Read the kid-friendly definition aloud.
Invite one or two students to restate it in their own words.

Reinforce:
“A choice means picking one option instead of another.”

2. Warm-Up Question (4 minutes)

Ask:

  • “Have you ever wished you made a different choice?”

Explain:
“Thinking first helps us make better choices.”

3. Read & Analyze the Definition (5 minutes)

Read the grown-up dictionary definition.

Ask:

  • “Why does every choice matter?”

  • “What usually happens when we choose one option?”

Write on the board:
Choice → Result

4. Scenario Activity (8–10 minutes)

Present scenarios and ask:

  • “What are the choices?”

  • “What do you give up with each choice?”

Introduce and reinforce language:
“When you choose one thing, you give up another.”

5. Reflection (4–5 minutes)

Students complete:

  • “One smart money choice I can make is…”

  • “One way I can improve my choices is…”

Assessment (Informal)

Students can:

  • Explain what a choice is

  • Identify choices and trade-offs in a scenario

  • Describe why thinking ahead matters

Take-Home Extension

“Notice one money choice this week and reflect on what happened.”

Grades 6–8 Lesson Plan

Grade Band: 6–8 (Ages 11–13)

Big Idea

I am responsible for my money choices, and my repeated choices shape my future.

Learning Objectives

Students can:

  • Accurately define the word choice in their own words

  • Analyze how money choices involve trade-offs

  • Explain how repeated choices influence long-term goals

Standards Alignment

  • Council for Economic Education (CEE): Decision Making (costs, benefits, outcomes)

  • Jump$tart Coalition: Financial Decision Making

  • National Financial Educators Council (NFEC): Informed decision-making

  • CASEL: Self-Management, Social Awareness

Materials

  • Dictionary definition of Choice

  • Scenario comparison worksheet

  • Optional goal-reflection worksheet

Lesson Flow (30 minutes)

1. Word Reintroduction & Precision Check (5 minutes)

Teacher says:
“Today’s focus word is choice.”

Ask:

  • “How would you define the word choice?”

Read the dictionary definition.
Invite students to refine or improve their definitions.

Reinforce:
“A choice always means saying yes to one thing and no to another.”

2. Opening Question (5 minutes)

Ask:

  • “How can small choices today affect your future?”

Discuss habits and patterns.

3. Definition Discussion & Framing (5 minutes)

Ask:

  • “Why do repeated choices matter more than one-time decisions?”

  • “How do choices turn into habits?”

Connect to money:

  • Spending

  • Saving

  • Time and priorities

4. Scenario Comparison (10 minutes)

Compare:

  • Student A makes quick, unplanned choices

  • Student B pauses and evaluates options

Ask:

  • “Who has more control?”

  • “Who is more likely to reach their goals?”

Highlight trade-offs and outcomes.

5. Personal Application (5 minutes)

Students write:

  • One money choice they make often

  • One way they could improve that choice

  • One future goal affected by that choice

Assessment

Students can:

  • Clearly define choice

  • Explain trade-offs using real examples

  • Connect repeated choices to long-term outcomes

Real-World Extension

Connect to:

  • Saving goals

  • Spending decisions

  • Peer pressure and advertising

Teacher Notes

  • Emphasize thinking, not perfection

  • Reinforce that mistakes are learning opportunities

  • Highlight that habits are repeated choices

  • Pair with dictionary lessons for Save, Budget, and Goal

Bottom Line

The word Choice helps students understand that money decisions are intentional and powerful. When learners regularly revisit the definition, apply it to real situations, and reflect on outcomes, they build awareness and habits that support confidence, responsibility, and lifelong financial well-being.

Download the Standards Alignment PDF

If you’d like a downloadable PDF version of this and all of Sammy Rabbit's financial literacy standards aligned lesson plans for classroom use, curriculum review, or district adoption, please contact us. We’re happy to provide a printable version aligned with national and state standards.

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