Skip to content
←All Posts
Standards-Aligned Financial Literacy Lesson Plans (Grades K–8): Money Word — Choice
Updated

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 improve outcomes for themselves now and in the future.

K–2 Lesson Plan

Grade Band: K–2 (Ages 5–7)

Big Idea

The choices I make matter whether they are big or small.

Learning Objective

“I can stop and think before I make 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

Lesson Flow (15–20 minutes)

1. Warm-Up Conversation (3 minutes)
Ask:

  • “What choices did you make today?”

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

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

2. Read & Discuss the Definition (5 minutes)
Read the kid-friendly dictionary definition of Choice.
Ask:

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

  • “What happens when we choose one thing?”

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

3. Guided Practice (5 minutes)
Show a picture card and ask:

  • “What are the choices?”

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

Students respond by saying:
“I choose to think.”

4. Practice Activity (5 minutes)
Students act out:

  • Stopping

  • Thinking

  • Choosing

Teacher reinforces:
“Good choices start with thinking.”

Assessment (Informal)

Students can:

  • Explain what a choice is

  • Demonstrate pausing before choosing

Take-Home Connection

“Talk with someone at home about one money choice you made today.”

Grades 3–5 Lesson Plan

Grade Band: 3–5 (Ages 8–10)

Big Idea

Good choices come from thinking things through.

Learning Objective

Students will explain how money choices involve trade-offs and lead to different outcomes.

Standards Alignment

  • CEE: Decision Making (costs and benefits)

  • Jump$tart: Financial Decision Making

  • NFEC: Behavioral awareness

  • CASEL: Self-Control, Reflection

Materials

Lesson Flow (20–25 minutes)

1. Warm-Up Question (5 minutes)
Ask:

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

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

2. Read & Analyze the Definition (5 minutes)
Read both versions of the dictionary definition.
Ask:

  • “Why does every choice matter?”

  • “What happens when we choose one option?”

Write on the board:
Choice → Result

3. Scenario Activity (10 minutes)
Present scenarios and ask:

  • “What are the choices?”

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

Introduce student-friendly language:
“When you choose one thing, you miss another.”

4. Reflection (5 minutes)
Students complete:
“One smart choice I can make with money is…”
“I can improve my choices by…”

Assessment

Students can:

  • Identify choices in a scenario

  • Explain why thinking first matters

Take-Home Extension

“Notice one money choice this week and reflect on the result.”

Grades 6–8 Lesson Plan

Grade Band: 6–8 (Ages 11–13)

Big Idea

My choices shape my future.

Learning Objective

Students will analyze how money choices involve trade-offs and influence long-term goals.

Standards Alignment

  • CEE: Decision Making (costs, benefits, outcomes)

  • Jump$tart: Financial Decision Making

  • NFEC: Informed decision-making

  • CASEL: Self-Management, Social Awareness

Materials

Lesson Flow (30 minutes)

1. Opening Question (5 minutes)
Ask:

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

Discuss patterns and habits.

2. Definition Discussion (5 minutes)
Review the dictionary definition.
Introduce student-friendly explanation:
“A choice always means saying yes to one thing and no to another.”

3. 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?”

Connect to:

  • Spending

  • Saving

  • Time and priorities

4. Personal Application (10 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:

  • Explain trade-offs in their own words

  • Connect choices to long-term outcomes

Real-World Extension

Connect to:

  • Spending decisions

  • Saving goals

  • 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 children understand that money decisions are powerful. When kids learn to pause, think, and choose intentionally, they build 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.

More Resources Supporting the Featured Word

Additional Resources to Keep Kids Growing Their Personal Finance Knowledge and Great Money Habits

Keep:

Related Reading

Contact Sammy Today!

We welcome your questions, suggestions, and ideas! Let’s connect, brainstorm, and partner to keep helping kids, families, and communities build strong financial literacy knowledge, habits, and skills—so together, we can create better and brighter futures for all.

CONNECT NOW

Teach kids money end financial illiteracy | Sammy Rabbit